Convertible bonds are unique financial instruments that combine elements of both fixed-income securities and equities. Since these instruments can offer unique payout profiles, they are often used for diversification within broad diversified portfolios. Convertible bonds are issued by companies as a way to raise capital and provide investors with regular interest payments while offering the potential to convert the bonds into a predetermined number of shares of the company’s stock. The conversion from the bond to stock happens at specific times during the bond’s lifetime and is usually at the discretion of the bondholder. This dual nature makes them attractive

The year 2017 was a record year for the European fund industry, with inflows into mutual funds reaching a new all-time high, in conjunction with a generally positive market environment driving the assets under management to a new all-time high. Chart 1: Assets Under Management in the European Fund Management Industry Source: Lipper With this tailwind the European fund industry should be in a good position to maintain its growth in 2018, if the general environment for the securities markets stays positive. That said, the year 2018 started with a bumpy ride for a number of European asset managers that

Despite over 92% of the 193,000 comment letters opposing delay, the Department of Labor’s Fiduciary Rule has been officially delayed until June 9. No matter the legalities, investor awareness is higher. As Michael Kitces recently tweeted “…Can’t unring this bell now…” Interest In Fiduciaries Driven To New Highs Figure 1 provides the data behind the term “fiduciary” reaching all time highs as measured by Google Trends. Figure 1: Interest In “Fiduciary” Remains Elevated   Sources: New Constructs, LLC and Google Trends. Major wealth management firms [e.g. Fidelity and Bank of America (BAC)] have announced their intentions to embrace the Fiduciary

Part 3 of 3: Deriving value from new partnerships 12 minute listen In part 2 of this series, our expert panel weighs in on how the various Wealth Management client segments – the unadvised, mass affluent, HNWI, and UHNW – are participating in the digitization underway. The speakers Host: Bernard Lunn – Founding Partner, Daily Fintech Advisers Maria Gotsch – President and CEO, Partnership Fund for New York City Efi Pylarinou – Founding Partner, Daily Fintech Advisers Paul Metcalfe – Head of Market Development, North American Wealth Management, Thomson Reuters

Our expert panel weighs in on how the various Wealth Management client segments – the unadvised, mass affluent, HNWI, and UHNW – are participating in the digitization underway.