Rising defaults, investor redemptions and AI-driven loan markdowns are straining business development companies across the industry.
The global asset manager and the self-styled private markets hyperscaler are making it easier for advisors to diversify portfolios at speed and at scale.
New AI integrations, which also includes intelligence from Pitchbook, is pushing advisor-grade investment data directly into the tools financial professionals already use.
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.
