CARBON REMOVAL • RIA • SPACE TECH
In this week’s newsletter check out an interesting graphic visualizing America’s average retirement savings, by age. In our news section learn about the launch of the world’s largest direct air capture plant, how to build and deploy synergistic teams for your RIA, the growing importance of space technologies and more.
Let’s jump into it.
We send out our newsletter every Friday with the most interesting content we’ve found that week.
source visualcapitalist.com
“On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the “Final Rule”), which imposes an ERISA fiduciary standard “that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts”. The new rule represents the latest attempt by regulators to define the types of individuals and advice that are subject to a fiduciary obligation, following on the heels of the SEC’s Regulation Best Interest (Reg BI) and Commission Interpretation Regarding Standard of Conduct for Investment Advisers, as well as the DoL’s own 2016 fiduciary rule (which was struck down by Federal courts in 2020) and Prohibited Transaction Exemption 2020-02.”
“Anxiously awaiting the future of renewable energy? You might want to look to the stars. Space-based technologies could be a total game changer in our fight against the overheating of our planet, according to Recharge News. The European Space Agency (ESA) is on a mission to inject some rocket fuel into the clean energy revolution. According to Beatrice Barresi, a sustainability expert at ESA, space tech can support renewables in a big way, from finding the perfect spot for a wind farm to keeping solar panels in perfect shape — and, no, it’s not ‘fantasy science,’ she said.”
“Climeworks has officially switched on the world’s largest “direct air capture” plant, which sits on a lava plateau in southern Iceland. On Wednesday, the Swiss company said it started operations at its Mammoth facility, marking an important milestone in the world’s emerging efforts to remove planet-warming carbon dioxide from the atmosphere and permanently lock it away.”
“Paul Blease’s 40 years of experience in financial services covers everything from the big wirehouses to the largest independent RIAs. In the first of two conversations, Paul and I focus on the synergistic team model, which he believes is the best way for advisor CEOs to attract, retain, and maximize top talent, while also providing “white glove” service to all clients.”
We send out our newsletter every Friday with the most interesting content we’ve found that week.
Sign up now to learn the benefits of private market investing for financial advisors
Sign up now to access private market investments on Citizen Mint’s platform.
