The financial adviser Douglas Chin has affiliated with the independent broker-dealer through Gladstone Wealth Partners in Red Bank, New Jersey
The two main challenges to growth in the medium-term were a slowing of fiscal support and the need for spending on services. The declines were mostly offset by upgrades to projections for the following two years.
The RIA industry has witnessed incredible growth in the past decade, but custodians, too, are looking to cash in on recent trends, like increased client access to alternative assets and digital currencies.
An ecosystem is emerging whose ultimate goal is to increase advisers’ wallet share by enabling them to unify a client’s entire financial world onto a single platform.
As lawmakers called on Wells Fargo to be broken up last month, retirees and near-retirees are focusing less on wealth aspects of retirement.
People already use retirement savings to manage short-term needs through 401(k) plan loans, hardship withdrawals and by cashing out during job transitions. Any retirement legislation should include provisions for emergency savings.
The fund manager announced that starting next year, some of its institutional clients will be able to play a bigger role in shareholder votes.
The industry saw another year of growth, according to an InvestmentNews study, but compensation for most positions has shown little growth.
Executives from the largest custodians offered Michael Kitces the opportunity to debate his ideas for restructuring custody fees. Kitces took to Twitter to accept the challenge.
The rule goes 'significantly beyond' suitability, and firms should give their reps the tools they need to 'identify, disclose and mitigate conflicts prohibited under Reg BI,' Gurbir Grewal said.
UBS Financial Services misreported interest paid on taxable munis, resulting in higher tax bills for clients, according to a lawsuit.
The company recently received summary judgment in the case filed against it. Another company, Wesco Distribution, won a motion to dismiss in a separate case, and tech firm PTC appears to have reached a settlement in another.
For crypto-skeptic advisers, the fact that the ban proved to be a tempest in a teapot should be a wake-up call. Crypto as an asset class is here to stay.
The applications the SEC will consider, for ETFs that hold Bitcoin futures, all follow a format that SEC Chair Gary Gensler has indicated could be received favorably by the regulator.
The Rockford, Illinois-based RIA says the infusion of capital from the private investment firm will bolster its acquisitions and growth strategy.
Tax changes are coming too, but the experts — like everyone else — await details.
The devastating consequences of a default make it unlikely to happen, advisers say. Inflation is a bigger threat.
Scottsdale, Arizona-based Integrated Wealth Management has a 10-person team.
Ullmann Wealth Partners, with $582 million in client assets, is the 28th acquisition Focus Financial Partners has made this year.
Only about 2% to 3% of all SEC-registered RIA firms are involved in a change of ownership, implying the business is quite stable, say panelists at the virtual conference.
