Tommy

[Atlas @investwithatlas]

August CIO Monthly Update from @investwithatlas

https://t.co/lfUhraIvLK

[Atlas @investwithatlas]

#Investing #Alternatives

[Atlas @investwithatlas]

#PrivateMarkets #AlternativeInvestments

[Tobias Francis @TobiasFrancis]

The data continues to support our thesis at @investwithatlas. Clients choose us because our tech enables our advisors to give clients world class advice with the best user experience (and customer service) in the industry.

[Tommy @TommyWittmann]

@EquityInDallas Shut up bitch

[Tommy @TommyWittmann]

@TheDividendDog @Smartnetworth1 😔

[Tommy @TommyWittmann]

@TheDividendDog @Smartnetworth1 discord down?

[Tobias Francis @TobiasFrancis]

@investwithatlas is on the AI x Wealth Management Map--literally!

Ya love to see it.

https://t.co/MI0HkJbEc1

[Tobias Francis @TobiasFrancis]

How Technology Can Revolutionize Family Office Operations:

Technology is transforming the way family offices operate. Here are a few examples of how technology can improve efficiency and effectiveness:

-Agentic AI: AI agents can automate repetitive tasks, such as processing tax forms and subscription docs, freeing up staff to focus on more strategic activities.

-Data Management and Analytics: Advanced analytics tools can help identify trends, optimize investments, and improve decision-making.

-Investment Management and Reporting: Automated reporting systems provide real-time insights into portfolio performance.

-Communication and Collaboration: Digital platforms enhance communication and collaboration between family members and advisors.

-Risk Management and Compliance: Technology solutions can help mitigate risk and ensure compliance with regulations.

-Cloud Systems for Data Consolidation: Cloud technology enables family offices to integrate and analyze data from various sources, providing a comprehensive view of their assets and simplifying reporting.

At @investwithatlas , we leverage cutting-edge technology to provide our clients with the best possible service and results.

#familyoffice #wealthmanagement #ai #fintech #dataanalytics

[Tobias Francis @TobiasFrancis]

November 2024, Market Update, from the office of the CIO.

https://t.co/uznviDiduF

[Tobias Francis @TobiasFrancis]

🚀New Website😮‍💨:

https://t.co/5Wk25QW1f6

[Tobias Francis @TobiasFrancis]

@investwithatlas 📈

https://t.co/Ns2ORKn94G

[Tobias Francis @TobiasFrancis]

At @investwithatlas , we help clients navigate private markets and Alternative Investments. Here is what I'm seeing on the ground...

1. Acess to Alts is becoming table stakes. That said, access to the stock market is ubiquitous. Anyone can download one of 200 apps and start buying/selling stocks---yet most HNW/UHNW people don't because they aren't professional investors. Instead, they hire managers and advisors to buy/sell stocks for them. The same thing is happening in Alts. Access isn't a value prop; it's high-quality advice and guidance on how to navigate a relatively opaque set of asset classes that clients are looking for. Very few advisors are actually experts on VC, PE, Credit, RE, Crypto, and HFs—Atlas is one of those few.

2. Clients prefer direct and co-invest deals over funds. As Family Offices become more sophisticated, they become less interested in investing in funds and paying high fees. Instead, they would rather hire an advisor who can source and originate direct and co-investment deals that come with little/no fees and allow for better risk management.

3. Tax Alpha > Investment Alpha. Taxes are a pain point for everyone. Finding creative ways to lower taxes is an instant benefit and strong value prop. Investment Alpha can neither be promised nor guaranteed. At Atlas, we start every client engagement with a Tax Planning exercise to lower the client's tax exposure legally. Tax-efficient asset classes like RE and Opportunity Zones are still a core focus for most clients, especially now after material dislocations.

4. Demand is picking up for Emerging Managers. Mega Funds with Generalist investment strategies are increasingly being thought of as "Index" vehicles for a given asset class, e.g., A16Z for VC, KKR for PE, etc. That's good for them because they will hoover up assets, but when it comes to an attempt at generating Alpha, emerging managers are a better choice. We are receiving more requests to find high-quality emerging managers across all asset classes. Emerging manager fund of funds is actually really interesting at the moment.

5. Cash Flow > Growth. RE, Private Credit, and GP Stakes are in high demand because of their cash flows. GP Stakes are interesting because they give investors the best of both worlds—yield from management fees while maintaining exposure to large windfalls via carried interest. Investments that don't have a cash flow component are hard sells at the moment.

6. Liquidity is high-priority. Most investments that require a commitment today with a promise to return capital in a decade are persona non grata. The recent Carta report highlighted the lack of DPI across the venture ecosystem. This is also true for PE. LPs have been patient but are now at the end of their rope. The mandate to GPs is clear---find a way to return capital to LPs, or don't count on us to invest in your next fund.

7. Secondaries are on fire. Secondary trading volume will likely eclipse $150B this year.

[Tobias Francis @TobiasFrancis]

"Alternatives" are now becoming the CORE of client portfolios. The most recent JPM Family Office report shows that the average portfolio consists of a 45% allocation to Alts. That is an astounding statistic.

At @investwithatlas , we specialize in helping clients navigate the Alternative Asset landscape. We advise clients on which funds they should invest in and also provide clients with a steady pipeline of direct or co-investment opportunities. We are active in Real Estate, PE, VC, Private Credit, and Sports.

As I have written previously, I believe we are in the early stages of the next "Golden Age" for Alts. Across the entire RIA and WM industry, less than 5% of the $100 trillion in AUM is currently allocated to alts. Family Offices are the investment arms of the world's wealthiest and most sophisticated individuals. If they have increased their Alt allocations to 45%, it's only a matter of time before traditional RIAs follow suit. That would imply that some $40T in AUM is looking to move into Alts soon. The record concentration in equity indices accelerates this trend.

Another interesting stat from the report is that 80% of FO's work with an outside advisor. We have seen this firsthand at Atlas and would love to speak to any Family Office CIO's looking to partner with outside advisors on Alternative Investments and Tax-Alpha."

https://t.co/KZbJiT5bRK

[Tommy @TommyWittmann]

@EquityInDallas 😂

[Tobias Francis @TobiasFrancis]

The momentum continues 📈💪🏽🚀 https://t.co/fvZsQgiQPf

[Tobias Francis @TobiasFrancis]

More value is being created today in LA than in any other city in the world.

As an LA-based company, @investwithatlas focuses on bringing generational investment opportunities to our clients. These companies are building in our backyard with the ambition to change not just the world but, quite literally, the universe.

If you're interested in learning more about the current opportunities in Aerospace, Defense, Robotics, Next-gen Manufacturing, and Longevity, please send me a DM.

[Tobias Francis @TobiasFrancis]

Out with the old, in with the new.

Best time ever to be building a next-gen RIA. 💪🏽📈🚀 https://t.co/I3ogWwD1HJ

[Tobias Francis @TobiasFrancis]

🔥Hot off the Press 🔥

June Monthly Market Update from the office of ⁦@investwithatlas⁩ CIO. https://t.co/BlL1v2ZO8K

[Tobias Francis @TobiasFrancis]

Narrative Violation!!

The market wants rate cuts, but inflation has remained above the Fed's 2% target, while unemployment (until now) has been at historic lows.

Today's jobs report tells a new story: the labor market is softening. Part of this is due to AI productivity gains. The more impactful reason is that high-interest rates are slowing the economy.

The bad news is that a recession is becoming more likely in the latter part of 24' or early 25'.

The good news is that inflation is naturally deflationary, and the Fed is mandated to maintain maximum employment.

Bottom line: The Fed may get its excuse to start cutting rates from employment data, NOT inflation data. As a result, the market could now treat "bad" employment data, i.e., higher unemployment, as "good" news because the faster rates go down, the faster the market goes up.

Is your portfolio set up to benefit from this new narrative? If not, we would love to help. Please reach out @investwithatlas.

https://t.co/5L30mOoElT