Wealth Management
Private equity firms are increasingly exploring thematic investing as a pathway for growth, blending financial returns with measurable social and environmental impact. Summa Equity has pioneered this approach through a “theory of change” framework, focusing on themes like resource efficiency and tech-enabled transformation.
By investing across interconnected industries, the firm aims to tackle systemic challenges such as decarbonization while generating attractive long-term returns. This model contrasts with traditional ESG investing by emphasizing measurable outputs—like emissions reductions or improved quality of life—rather than compliance-based inputs.
“Brown-to-green” strategies, which transform undervalued, high-emitting businesses into sustainable leaders, can unlock massive value while addressing climate goals.
Finsum: While many large PE firms have been slow to adopt this cross-sector strategy, thematic investing’s potential to deliver both impact and superior returns suggests it could reshape the industry’s future.
The investment banking industry has surged in 2025, fueled by heightened client activity, a rebound in underwriting and advisory services, and widespread adoption of artificial intelligence to boost long-term efficiency.
Leading investment banks include Goldman Sachs, JPMorgan Chase, Citigroup, Evercore, and Interactive Brokers. Goldman Sachs is benefiting from growth in its Global Banking & Markets division, a strong M&A pipeline, and rising revenues and earnings, while JPMorgan Chase emphasizes AI investments and expects steady net interest income growth despite macro volatility.
Citigroup is expanding private lending partnerships and posting strong earnings gains, Evercore continues to diversify its advisory and investment management revenue with robust capital distributions, and Interactive Brokers is expanding globally with new services and solid revenue growth.
Finsum: Overall, these top investment banks are positioned for continued expansion and shareholder value creation through 2025 and into 2026.
Artificial intelligence has remained one of the most resilient sectors in U.S. equities, with companies like Nvidia and Microsoft benefiting from rising adoption even as other sectors faced volatility.
With trade war and inflation concerns beginning to ease, analysts suggest AI growth could strengthen further, making direct exposure an appealing option for investors. ETFs provide one way to access this theme, but careful due diligence is essential in selecting strategies with the best long-term potential.
The Alger AI Enablers & Adopters ETF (ALAI) differentiates itself by using bottom-up research and active management to uncover overlooked AI innovators. Its proprietary framework emphasizes companies showing high unit volume growth or positive lifecycle changes, positioning the fund to potentially outperform passive AI ETFs.
Finsum: Investor interest is already growing—FactSet data shows ALAI attracted $40 million in net flows in July 2025, signaling strong confidence in its approach.
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A new Northwestern Mutual study shows that while Americans are experimenting with AI in daily life and at work, most remain hesitant to rely on it for something as personal as financial planning.
More than half of respondents said they trust human advisors over AI for tasks like retirement planning and portfolio management, with only a small fraction willing to put that responsibility in the hands of algorithms. The survey underscores that money decisions are not purely analytical but tied to life goals, emotions, and family priorities—areas where people value empathy and nuance.
At the same time, nearly half of Americans say they are comfortable with financial advisors using AI behind the scenes, particularly younger generations who see technology as a natural extension of expertise. Gen Z and millennials, in particular, were more open to advisors who integrate AI into their practice, compared to Gen X and baby boomers.
Finsum: Americans want the best of both worlds: the efficiency and insights that AI can provide, paired with the judgment and human connection of a trusted financial advisor.
Corebridge Financial has launched Power Select AICO℠, a new index annuity developed in partnership with Market Synergy Group, featuring a unique Additional Interest Credit Overlay (AICO) that can boost earnings by up to 200%. The product offers exposure to major indices like the S&P 500® and Nasdaq-100®, along with fixed interest options, while providing 100% downside protection against market losses.
Unlike traditional index annuities, the overlay allows for enhanced accumulation during weak markets, though it comes with a 0.80% annual fee and a cap on the maximum overlay benefit.
Executives say the design helps investors diversify and accumulate assets regardless of market conditions, while still offering protection during downturns. The contract guarantees are backed by American General Life Insurance Company, a Corebridge subsidiary, though withdrawals may carry tax implications and early withdrawal penalties.
Finsum: With its combination of growth potential, protection, and innovative crediting structure, index annuities are perfect for retirement savers seeking balance between safety and upside.
Structured notes are often pitched as sophisticated tools for yield and downside protection, but they carry layers of risks that can outweigh their potential benefits. Because they are debt obligations of the issuing bank, their value hinges on the issuer’s creditworthiness, leaving investors vulnerable in the event of a default.
High, often hidden, fees further erode returns, with some products charging over 2% annually on top of advisor commissions. Liquidity is another concern, as structured notes rarely trade in active markets, forcing early sellers to accept steep discounts.
Their complex payoff structures can also mislead investors into believing they hold principal protection when in reality protections are conditional and limited. Tax treatment is murky as well, with many products generating taxable “phantom income,” creating unexpected burdens that make structured notes a risky choice for most retail investors.
Finsum: While structured notes are perfect for lots of investors illiquidity and complexity that may leave investors worse off than with simpler, more transparent options.