Users of Fidelity Charitable, the nation’s largest donor-advised fund, recommended a record $7.3 billion in grants from their accounts in 2019, topping the previous record of $5.2 billion in 2018.
Organizations working in veteran support, disaster relief, environmental protection and civil discourse saw increased support, Fidelity said in a release.
Noting trends in granting, Fidelity said that 74% of the 2019 grants went to a charity the donor had previously supported, and 60% of grant recommendations were designated to be used “where needed most.”
Fidelity said that millennial donors account for 13% of new giving accounts opened in 2019, more than double the portion five years ago. It also noted that while most charitable contributions in the United States are made in cash, checks or credit cards, more than 60% of Fidelity Charitable contributions in 2019 were made in the form of noncash assets, including publicly traded securities, nonpublicly traded assets, such as private stock, restricted stock and limited partnership interests, and cryptocurrency.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
