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Bloomberg Businessweek

Day One, Part Two at Schwab Impact in San Francisco

Nov 21, 2024
David Botset, Managing Director and Head of Innovation at Schwab Asset Management, dives into the intriguing world of ETF investing. He discusses the potential of a new NVIDIA ETF and the implications of AI technology on investment strategies. The conversation covers the rise of specialized ETFs, including unique offerings like mortgage-backed security ETFs and Bitcoin options. Botset emphasizes the evolving investor preferences and the advantages ETFs hold over traditional mutual funds, highlighting innovation's role in shaping the future of investing.
15:38

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Quick takeaways

  • The integration of technology in asset management is crucial for enhancing service delivery and informed investment decisions for financial advisors.
  • Market dynamics influenced by political outcomes are reshaping investment strategies, particularly in sectors like fossil fuels and pharmaceuticals post-election.

Deep dives

Innovative Strategies in Asset Management

The discussion emphasizes the integration of technology and asset management, highlighting how advancements are reshaping the advisory landscape. Companies like InvestNet are leveraging technology to enhance service delivery, managing over $5.8 trillion in assets while supporting a vast network of financial advisors. There's a recognition of the growing convergence between asset management and tech, with the adoption of innovative solutions being crucial during conferences such as Schwab Impact. As market dynamics evolve, the ability to harness real-time data is becoming essential for advisors to make informed investment decisions.

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