Click here to read the Commentary

From Donoghue Forlines:

“When bull markets end, they seldom go gentle into the night. As the market turns down, sharp rallies can occur, inflicting enormous pain on anyone underweight or short the declining asset class. Every decade or so, markets get carried higher by a structural theme which triggers an enormous re-rating of the favored asset class. Examples include Energy in the 1970’s after fears of “peak oil”, Japanese equities in the late 1980s, Internet stocks at the turn of the century, and most recently, US mega-cap tech stocks on the belief that “software eats the world”.

That brings us to 2023. This year, we have had a sharp rally in all thing’s tech, and especially in the “Magnificent Seven” stocks that have driven so much of US and global equity market performance in 2023. So, was the 40% gain in the Nasdaq between early January and July a typical post-bull-market surge? Or is this rally a continuation of the US growth stock bull market that started in 2011? Or is it the start of an altogether new bull market?”

Click here to read the full Donoghue Forlines Commentary – Markets in Motion

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Overall Rating of the first ESI Business Development Conference: 4.9 out of 5!

Here are just some of the positive comments:

“Really enjoyed the content and the speakers! It was a tough deciding which classes to attend because they were all relevant. Looking forward to next year!”

“I appreciate everyone that worked to make the event possible. Thank you! I hope to attend again next year.”

“The energy was great, the structure and organization of the event was well thought out.”

“Good speakers and ideas. Really enjoyed being with fellow advisors and talking with vendors and home office people. Always good to put face with name. Paul Ma with Fidelity gave a really good explanation of market. Mitch Anthony gave good real life. Looking forward to coming back. A good recharge! Thank You!”

“Loved it, hope you keep going!”

“I would just like to say this was a very well orchestrated event. I really enjoyed Mitch Anthony and Paul from Fidelity presentations. I would definitely attend another one of these events.”

“Great event! Solid content and good engaging speakers. The breakouts that I went to were gave me some actionable items to implement.”

“I really did get a lot of information out of the last few days. Location was perfect.”

“Having the opportunity to be amongst peers from different areas and tenure allows me to learn in a way that can’t be taught in a classroom. It was also really nice being able to put faces to names and interacting with the people at ESI that we do business with. I also really enjoyed the advisor round table. My only real complaint is that there were several times I would have liked to have been in more than one breakout room at once.”

“The presentations were well selected on the whole and provided a diverse selection of topics. More than just the content, it was nice to be able to meet other agents and support staff that I previously had only meet over the phone or zoom.”

“Loved the conference and lots of best practice takeaways. Thanks so much for putting this on and hope it continues for years going forward.”

“I loved the conference and have been waiting for something like this.”

“We can build on it each year.”

“Great conference. Great content.”

“Thank you ESI for being a relationship firm and spending time and energy investing into your reps.”

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It’s no secret ESI is focused on growth – and we’ve always known our best reps are the one’s YOU find! So here’s a reminder in case you have a peer who is looking for a change.

How the Referral Bonus Works:

Existing ESI Reps refer their contacts to their agency leaders and ESI will pay a referral bonus of 2.5% of GDC generated by the referred rep in their first 12 months with ESI.

To Qualify for a Referral Bonus:

• The referred rep must have produced $50,000 or more in Broker Dealer GDC at their previous firm.
• Trailing 12-month GDC statements are required to document historical production.
• The bonuses will be based on actual GDC generated in the first 12 months with ESI.

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By Fidelity Investments
Learn how these funds fit into modern portfolio construction.

Key Insights

• Active ETFs combine some of the most useful features of ETFs—liquidity, transparent fees, favorable tax treatment, and diversification—with active management.
• The wide range of investment approaches among active ETFs means that these funds can serve a variety of roles in a client portfolio, from achieving exposure to the broad market or a narrow market niche, to seeking income generation, to possibly acting as a defensive hedge.
• Active ETFs can be a useful tool in the portfolio construction tool kit during periods of market volatility.

Exchange-traded funds (ETFs) have steadily risen in prominence and assets since they were first developed in the early ’90s. They’ve won the favor of both Wall Street traders and Main Street financial advisors by allowing investors to obtain exposure to passive strategies in a low-fee wrapper. But if much of the utility of ETFs derives from passive index-tracking, is an active ETF just an oxymoron? Far from it. Active ETFs have some unique advantages—and they’re surging in popularity with investors and asset managers.

To read the full Fidelity article, please Click Here.

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Fidelity is decommissioning old Web Menu navigation and users will be able to access all links from the Main Menu. All pages will still be accessible based on entitlement as it is today. Click here for details.

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Watch the recently recorded webinar Presented by ESI and Fidelity. “Putting Cash to Work – Moving it Off the Sidelines” focused on strategies to encourage investors to consider the benefits of investing their cash.

Click here to watch or listen to the Webinar.

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