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

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 23 July 2024

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this TCAF Tuesday, Josh Brown is joined by Sean Allocca, Senior Editor for The Daily Upside to discuss wealth management, the future of AUM fees, cash sweep, and much more! Then, at 32:00 hear all about Tesla, Google, and Spotify earnings on an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! Thanks to Rocket Money for sponsoring this episode! Visit http://rocketmoney.com/compound and cancel your unwanted subscriptions today! More from Sean: https://www.thedailyupside.com/author/sean-allocca/ The Compound x Tropical Bros: https://tropicalbros.com/products/super-stretch-the-compound-hawaiian-shirt Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ladies and
0:03.0	tonight's show is brought to us by Rocket Money.
0:06.0	Rocket Money is a personal finance app that finds and cancels unwanted subscriptions,
0:11.0	monitors your spending, and helps lower your bills.
0:15.8	Rocket Money has over 5 million users and has saved a total of $500 million in canceled subscriptions subscriptions saving members up to
0:24.6	seven hundred forty dollars per year when using all of the app's features check it out for
0:30.6	yourself stop wasting money on things you don't use.
0:33.7	cancel unwanted subscriptions by going to rocket money.
0:38.4	dot com slash compound.
0:41.6	All right, we have a really good one for you tonight.
0:44.0	Sean Aloka joins me.
0:46.0	Sean writes at the daily upside.
0:48.0	And he's been doing a lot of wealth management industry stuff
0:51.0	that I think is important for all investors to
0:53.2	understand. We take a look at some comments that the CEO of Morningstar made, I
0:58.6	guess a couple of weeks ago at their conference in Chicago talking about the wolf being at the door for
1:05.9	a-um fees. I beg to differ but I wanted to hear what Sean had to say on the topic.
1:11.1	We also talked about Cash Sweep and why Cash Sweep has
1:16.2	become such an important business on Wall Street, one that could be threatened given
1:22.0	you know the upcoming weight cutting cycle.
1:25.4	So I think banks and brokers are making a lot of money there and that might not be the case for much longer.
1:31.3	It was a really great conversation. I can't wait for you to hear it.
	...

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