Charitable giving is top of mind for most affluent individuals, according to a study by BNY Mellon Wealth Management, which found that 56% of the affluent currently have a charitable giving strategy and 22% would consider adopting one.
The top two motivators for giving are personal satisfaction and personal connections, the survey found, with 91% of those surveyed agreeing that a charitable giving strategy is a part of their overall wealth strategy.
Most investors, particularly Gen X and millennials, want their wealth adviser to understand their values, BNY Mellon said in the study.
With plans to retire, the outgoing president of the Texas-based IBD giant will be replaced by the giant RIA's current head of wealth management this spring.
The VIX, or so called "fear index," is shifting higher with increased market volatility, causing wealth managers to ready themselves for anxious client calls.
Canadian bank's capital markets arm reportedly failed to detect representatives' misleading disclosures involving $3 billion of mortgage-backed "sliver bonds" sold over a multi-year period.
Move marks the largest single batch of exits as the Franklin Templeton subsidiary continues to navigate fallout from alleged breaches by star manager Ken Leech.
The serial RIA acquirer's latest partnership gives it another foothold in California's high-net-worth space within Bay Area.
AssetMark Group CEO explains why the great wealth transfer, succession planning, and personalization will be key for advisors in the new year.
A trust delivery model not only increases the value of an advisor and a firm but is also a natural addition to any firm’s succession plan.
