Industry leaders discuss how AI is streamlining financial planning, expanding access to advice, and raising new questions about trust and ethical use.
But clients' actual stock allocations closely matched advisors' recommendations, which generally fall in line with models in target-date funds.
Amid layoffs and economic anxiety, left-behind retirement accounts reach new highs with millions of Americans disconnected from their savings.
Wealth.com will support 11,000 Osaic advisors through a new partnership, while Vanilla teases an estate planning solution for smaller independent RIAs.
The latest quarterly surge puts the industry on pace to exceed 300 transactions in 2025, according to Devoe.
Elsewhere, a deal in Florida gives Ashton Thomas Private Wealth a new CIO, while Moneta expands its reach further into Colorado.
Biennial research finds 81% of high-net-worth households gave to charity last year, with 93% believing they can make a difference in their communities.
Failure to resolve federal deadlock by midnight could stall IPO approvals, limit SEC activity, and delay jobs data, while Social Security and essential services continue.
New SEC measures seek to lower the financial burden of the Consolidated Audit Trail, following years of rising costs and legal challenges.
Elsewhere, Raymond James attracts more Commonwealth teams, Wells Fargo adds nearly $1 billion with UBS and JPMorgan defections, and Baird welcomes a veteran advisor from Edelman.
