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Newsletter 6/14/24: How to future proof your advisory practice, a new long-lasting battery and more

BATTERY STORAGE • RIA • CLEAN ENERGY

In this week’s newsletter, explore the compelling benefits of farmland investments and understand why they are a smart choice in today’s market. In our news section learn how to future proof your advisory practice, discover a new long-lasting battery that could revolutionize clean energy, understand when advisors are liable for negligent investment advice and more.

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Why Farmland Investments Make Sense in Today’s Market

Investing in farmland has historically been a cornerstone of wealth preservation and growth. While the allure of stocks, real estate, and cryptocurrencies often dominates investment conversations, farmland remains an overlooked gem in the investment landscape. In recent years, its potential for robust returns, stability, and resilience has attracted a surge of interest from savvy investors. Let’s delve into the reasons why investing in farmland is a prudent choice and explore the compelling data behind this opportunity.

The News Wrap-up

When are advisors (financially) liable for negligent investment advice?

“Financial advisors, as professionals whose clients rely on their advice to make financial decisions, are legally and financially responsible for the advice that they give. For example, if an advisor recommends an investment that prioritizes the commission they would receive rather than any benefit the client would derive from it, they could incur fines and sanctions for violating their fiduciary duty as an advisor. Or if an advisor knowingly misled a client in giving information that led them to make an investment decision, they could be penalized for giving fraudulent advice under state or Federal law. But liability for advisors also extends to situations where they may not have intended to give false information, but nevertheless provided advice that caused the client to incur financial loss. In these situations, advisors can still be held liable – and required to pay restitution – for ‘negligent’ investment advice if they’re determined to have failed to exercise due care when making a recommendation to a client.”

Researchers develop long-lasting battery that could revolutionize clean energy

“A newly developed battery could keep the lights on in low-income countries with minimal cost, helping the world meet pollution reduction goals without sacrificing modern comfort. Tech Xplore reported that researchers at Sweden’s Linköping University created a modest but effective battery that can be used more than 8,000 times without dipping below 80% of its performance capabilities. To do this, they used zinc and lignin. The combination resulted in a battery with a similar energy density to lead-acid products without the harmful toxins. Unlike other zinc-based batteries, which lose their charge in just hours, the zinc-lignin product can last for around one week.”

$27M to chase solar efficiency holy grail: perovskites

“Generating clean electricity from solar photovoltaic technology is the success story of the clean energy transition so far, but entrepreneurs and investors are still plumbing the science for improved performance and cost. Startup Swift Solar banked a $27 million Series A financing round this week to commercialize a new light-absorbing class of crystalline materials known as perovskites, which have the potential to improve upon today’s utterly dominant technology — crystalline silicon.”

Future proof your advisory practice

“Rapid advances in technology, generational change, Covid, financial upheaval, and distrust in institutions are upending the course of life…and financial planning. In light of all that is changing, how do you future proof your business? In this special live webinar, Ric Edelman, the #1 financial advisor of the past 30 years, joins me to discuss the impact of five critical areas on personal finance and how that affects your client work as a financial advisor.”

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