Motif, the online broker that offers thematic investing, is launching Motif BLUE, a subscription service it describes as “Spotify meets investing.” For $5 per month, investors can do unlimited trading with one of Motif’s baskets of securities, or for $10 per month, they can trade with unlimited motifs, execute one commission-free trade and receive market reports and automatic rebalancing. High net worth clients who want unlimited commission-free trades can pay for a $20 monthly account. The company is also offering a one-month free trial. “In these unpredictable markets Motif BLUE allows individuals to invest with predictable costs,” Motif founder and CEO Hardeep Walia said. “And with Motif, as your wealth increases your fees don’t.”
The Pitfalls of Business Owner Clients
Many business owners have their own personal wealth tied up in their business, and advisors say this is the biggest challenge these clients face, according to a new poll by Key Private Bank, the wealth management arm of KeyCorp. Other challenges of working with business owners include a lack of management succession planning and insufficient savings, the survey of 137 Key Private Bank client-facing advisors found. Nearly half (47 percent) of advisors say business owners tend to leave money on the table when they retire by failing to develop a business transition plan ahead of time. (Sound familiar?) "For business owners, the most common wealth management pitfalls result from emotional ties to their company," said Francis Brown, wealth specialist at Key Private Bank. “That's why it's extremely important for business owners to be candid with their financial advisors early on about all aspects of their lives."
Our long state nightmare is over, as New York is now allowing owners to be buried with the cremated remains of their pets. Gov. Andrew Cuomo signed the proposal into law on Monday, according to NBC New York, at long last overturning an existing law banning the practice, which Cuomo deemed “unnecessary.” Cemeteries aren’t required to offer this option and religious cemeteries are specifically forbidden from doing so. This is the latest in a string of hard-hitting pro-pet legislation in the state following last year’s landmark decision to allow dogs on restaurant patios.
