The Compound and Friends cover image

The Compound and Friends

Consumer Delinquencies Rise, Alphabet and Spotify Earnings, the Wolf Is at the Door for AUM Fees

Jul 23, 2024
01:30:49
Snipd AI
Sean Allocca, Senior Editor for The Daily Upside, joins to discuss wealth management, AUM fees, cash sweep, Tesla, Google, and Spotify earnings. Topics include consumer delinquencies, GM's disappointing earnings, Chipotle's upcoming report, and the impact of rising household debt on the economy.
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Podcast summary created with Snipd AI

Quick takeaways

  • Cash sweep programs generate revenue for brokerages despite challenges from rate cuts.
  • Wealth management focuses on potential shifts in AUM fees and market returns impact.

Deep dives

Rocket Money Saving Members Money on Subscriptions

Rocket Money, a personal finance app, has over 5 million users who have collectively saved $500 million through canceled subscriptions, with annual savings up to $740 per user. In a recent podcast, the discussion covered wealth management insights shared by Sean Aloka from The Daily Upside, addressing the impact of AUM fees and the evolution of cash sweep programs on Wall Street businesses.

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