Planning for the 40% of retirements that occur without warning
Considering a range of scenarios and having different buckets of assets is helpful, advisors say.
Schwab shuts down offices in five cities, merges more
Large firms like Schwab typically occupy huge offices in prime, and expensive, downtown locations in large cities across the country.
CFP Board taps Elizabeth Miller as 2024 chair-elect
Miller will succeed the current chair-elect Matt Boersen next year and will subsequently ascend to chair of the Board in 2025.
Your 401(k) likely includes military weapons holdings
Many of the top US fund companies have exposure to companies that make controversial weapons, As You Sow found.
Goldman profit hit by real estate markdowns, dealmaking slump
The firm's earnings fell 58% during the second quarter, while its return on equity slid to 4% — the worst among top US banks.
Schwab Charitable donors give record amount despite rocky market
Its donors surpassed 1 million individual grants to charities for the first time in the organization’s history, Schwab said.
LPL furthers commitment to more inclusive financial services industry
The firm has given its support to the National LGBT Chamber of Commerce and the LGBTQ+ advisor business community.
SageView Advisory acquires $5B Retirement Benefits Group
The San Diego institutional retirement plan consulting group RBG also has a growing wealth management business.
Capital Group expands financial wellness coaching program
The investment manager is extending its partnership with Financial Finesse to support advisors and plan sponsors in helping participants achieve financial security.
Wall Street earnings, AI stocks push S&P 500 higher
But markets are still uncertain about Fed’s moves, with data inconclusive.
Hundreds invested $63M in real estate deals, but where’s the cash?
Crowdfunded investments in Atlanta and Miami real estate have allegedly disappeared with the property firm filing for bankruptcy.
Can AI fix digital collectibles slump? No, says $69M NFT creator
With interest in non-fungible tokens having fallen sharply, some think artificial intelligence is the panacea, but it could make things worse.
Financial planning for a Hollywood strike
Clients affected by the writers' and actors' strikes have different needs but could be out of work for some time.
FPA rolls out welcome mat for alternative investments
A partnership with the Chartered Alternative Investment Analyst Association will help FPA members educate themselves and their clients about alternatives.
Despite revenue dip, Merrill Lynch growth contributes to strong quarter for BofA
Merrill Lynch client balances grow 8.4% year-over-year to surpass $3 trillion in the second quarter.
Nominations open for InvestmentNews Women to Watch awards
Come together with your peers to celebrate the women making a difference in our industry.
Earnings wrap: BoA earnings exceed expectations
The wealth management division's a ray of light for Morgan Stanley.
Morgan Stanley reports $78M in severance to axed wealth management employees
It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
Charles Schwab results are in — and they’re down
'Significant near-term headwinds' hit the giant financial company in the bottom line.
Millionaire tax evaders be warned, the IRS says it’s coming for you
Internal Revenue Service says it is only just at the start of cracking down on those who try to hide their income or refuse to pay the taxes they owe.
