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Weekend Reading For Financial Planners (November 4-5)

Nerd's Eye View

Also in industry news this week: A recent study indicates that the RIA model has seen significant growth in the number of firms and advisors during the past decade, and these firms are expected to control 1/3 of industry AUM by 2027 Despite market headwinds leading to a contraction in advisory firm AUM in 2022, firms continued to produce strong profit (..)

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Equitable Sets 15% Growth Target for Wealth Management By 2027

Wealth Management

Equitable Advisors plans to get there by growing its share of wealth advisors, emphasizing holistic life planning and doubling down on its “supported independence” model.

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AI Market Will Surge to Near $1 Trillion by 2027, Bain Says

Advisor Perspectives

The global market for AI-related products is ballooning and will hit as much as $990 billion in 2027, as the technology’s quick adoption disrupts companies and economies, Bain & Co.

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: Boeing stock rallies after Ryanair orders 300 new 737-Max-10 aircraft valued at over $40 billion, for delivery starting 2027

MarketWatch

The order, which includes 150 firm orders and options to buy 150 aircraft, is for delivery between 2027 to 2033. BA climbed 2.1% in premarket trading Tuesday, after Ryanair Holdings PLC RYAAYIE:RYA said it ordered 300 new Boeing 737-Max-10 aircraft in a deal valued at more than $40 billion. Ireland-based air carrier Ryanair shares rose 0.8%

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10 Tuesday AM Reads

The Big Picture

The VW ID 1 is expected to launch in 2027 and will sit below the recently revealed ID 2all concept. It has always been a disaster but with a few great pieces. ( New York Times ) see also Small banks, big reach : Everything you wanted to know about US regional banks but were too afraid (bored) to ask.

Banking 289
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FOMC Projections

Calculated Risk

GDP projections of Federal Reserve Governors and Reserve Bank presidents, Change in Real GDP 1 Projection Date 2024 2025 2026 2027 Sept 2024 1.9 Unemployment projections of Federal Reserve Governors and Reserve Bank presidents, Unemployment Rate 2 Projection Date 2024 2025 2026 2027 Sept 2024 4.3 June 2024 1.9 June 2024 3.9

Banking 80
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A $1.5 Trillion Wall of Debt Is Looming for US Commercial Properties

Wealth Management

Maturities climb for the coming four years, peaking at $550 billion in 2027. The wall of debt is set to get worse before it gets better.

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