A growing state revolt against the qualified small business stock exclusion – with Maine and Oregon joining the fray – has the potential to reshape tax planning for high-net-worth clients.
With July 4 approaching fast and enrollment surging, advisors are being asked to guide clients through a program still taking shape.
Meanwhile, UBS has restructured its Florida leadership with a J.P. Morgan veteran, and the UBS advisor drain continues with RBC nabbing a $542 million Philadelphia-area team.
With 65% of New Jersey advisors considering relocation, the state's ABC test for worker classification rule could reshape the local advice landscape.
Advisor ETF preference has climbed to 60% from 53% in 2022, while mutual fund selection has halved – and RIA portfolio data show the shift is only deepening.
Meanwhile, Wealth Enhancement and Savant Wealth Management have each extended their footprints in Oregon, with Savant's move marking a first-time partnership in the state.
A veteran-led trio from UBS has also decamped to LPL's Linsco channel, while Cetera lured another longtime Commonwealth advisor in Michigan.
BlackRock's platform is providing richer private credit analytics on Preqin, while RedBlack engages CAIS to bolt alts trading into its rebalancing engine.
New studies from Northwestern Mutual and Guardian Life point to a widening gap between financial optimism and actual preparedness as lifespans grow longer.
Regulators on both sides of the Atlantic are scrutinizing a nearly $2 trillion market that has thrived in the shadows – and the pressure is mounting.
