Wealth Management
The Nationwide Strategic Income Fund (NWXHX) has surpassed $1 billion in assets under management, reflecting strong investor demand and consistent outperformance. Since its 2015 inception, the fund has averaged a 6.07% annual return, 2% higher than its peer group, and earned a 5-star Morningstar rating.
Its flexible, benchmark-agnostic strategy allows the fund to adapt to changing markets, guided by a seasoned management team with over a century of combined experience. The fund invests across fixed income sectors and can serve as a core or complementary bond holding.
Following Amundi US’s merger with Victory Capital, the fund was renamed in June 2025 but retained its structure, management, and investment approach. As its profile rises, Nationwide emphasizes institutional-level oversight and manager selection to deliver long-term value.
Finsum: Strategic income invests across fixed income sectors and can serve as a core or complementary bond holding.
Uranium ETFs have gained traction as investor interest in clean energy and nuclear power—especially in the context of artificial intelligence’s energy demands—has grown. Although the uranium ETF market is still in its early stages, net inflows have been rising steadily, with equity-based ETFs dominating due to the lack of SEC-approved physical uranium funds.
Major offerings like the Global X Uranium ETF (URA) and the Sprott Uranium Miners ETF (URNM) provide access to mining stocks and limited exposure to the Sprott Physical Uranium Trust (SPUT), which holds physical uranium but is structured as a closed-end trust.
Canada remains the geographic hub for investable uranium stocks, and companies like Cameco dominate ETF holdings, while new entrants like the Roundhill and ProShares filings reflect continued market enthusiasm.
Finsum: Until a true physical uranium ETF is approved, access remains indirect, and investors must weigh sector volatility and geopolitical risks.
For decades, private equity was the domain of ultra-wealthy investors, endowments, and pensions—but that’s rapidly changing as defined contribution (DC) plans like 401(k)s begin incorporating private market access.
In a major shift, BlackRock and Empower are launching target-date funds that include private investments, with allocations between 5% and 20%, signaling the democratization of alternative assets for everyday retirement savers. This movement is being fueled by policy, with President Trump’s recent executive order directing agencies to support private equity and other alternatives within DC plans.
The $12 trillion DC market is a major prize for private equity firms, who are now tailoring products to meet the liquidity and transparency requirements of retirement accounts. While private equity offers higher return potential, experts warn it also carries greater risk and limited transparency, raising concerns about suitability for all investors.
Finsum: As public markets shrink and private companies stay private longer, including private equity in DC plans may become a necessary evolution in long-term retirement strategy.
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The Hands Off Our Social Security Act, introduced in July by Reps. Melanie Stansbury and John Larson, would require congressional approval before the Social Security Administration (SSA) can make changes to benefits or services. The bill aims to protect SSA operations by blocking unauthorized data use, privatization efforts, workforce reductions, and office closures.
Supporters, including Social Security Works and the National Committee to Preserve Social Security and Medicare, say the bill is a response to Trump-era staffing cuts and service barriers.
Critics point to Treasury Secretary Scott Bessent’s recent comments about "Trump accounts" as evidence of ongoing privatization attempts, though he later claimed they would supplement—not replace—guaranteed benefits. Policy strategist Greg Valliere says such proposals have little legislative chance but reflect real pressure on both parties to address looming Social Security insolvency.
Finsum: Keeping your clients abreast of the latest news in retirement, is a good way to build a trusting relationship.
Starting your own registered investment advisory (RIA) firm can be a rewarding move, especially amid a booming millennial client base and the $124 trillion wealth transfer underway. Advisors should begin by clarifying their personal and professional goals, then build a strong support team, including legal, compliance, tax, and marketing professionals, to ensure a smooth transition.
It’s also essential to prioritize time wisely, balancing firm operations with client service and determining whether to outsource areas like investment management. Crafting an efficient tech stack is another foundational step, with core platforms for custody, CRM, portfolio management, and financial planning needed to streamline operations.
Transitioning clients to the new firm must be handled carefully, ideally with legal guidance and a clear plan for targeting the ideal clientele.
Finsum: With strategic planning and the right infrastructure, advisors can build scalable, client-centric RIAs ready to serve a changing generation of investors.
The July jobs report showed nonfarm payrolls rising by just 73,000, with major downward revisions to previous months, signaling that the U.S. economy may be slowing more sharply than expected. This has fueled recession concerns, especially as three-month average job gains dropped to just 35,000 and consumer spending, the key driver of GDP, remains tepid.
Economists point to Trump-era tariffs and weakening labor market data as contributing factors, with some suggesting we may be on the brink of a recession, though GDP still rose 3% in Q2 due to import timing.
Market reactions were swift: the Fed is now widely expected to cut rates in September, while stocks wavered amid political backlash and uncertain economic signals. Despite the White House expressing confidence, housing and manufacturing data continue to falter, and experts warn of potential consumer pullback.
Finsum: While some remain optimistic about a soft landing, the outlook is increasingly clouded by high inflation, policy risk, and weakening employment trends.