New York’s Kuttin Wealth has attracted a large team from 1879 Advisors and another adviser from Cadaret Grant.
With interest rates rising over the next several years as a result of stronger economic growth, higher inflation and Fed tapering, existing bond holdings will decline in price and overall return.
Successful advisory firms can act swiftly when an opportunity arises because they've already taken steps to position themselves to do so.
Seven industry notables offer their views on what the financial advice business will look like in coming years.
The prevailing trend of advisers going independent has only gathered steam, according to third-quarter Advisers on the Move data.
The 15% hike in the Medicare Part B premium is one of the largest annual increases in Medicare’s history, as COVID-related expenses and a new Alzheimer drug drive costs higher.
Generally, financial industry groups encouraged state regulators to narrow the measure, while advocates want them to expand it.
At the same time, the average IRA balance saw a slight uptick. A recent survey shows many people have low estimates of how much they will need to retire, and a paper explores the need to update the 4% rule.
Finra said at the start of the year it was looking into possible violations by registered representatives who applied for coronavirus-relief loans.
As more advisers and pundits lean toward heavier allocations to stocks over bonds, there are still ways and reasons to benefit from fixed income.
The tool, Prospect Accelerator, covers areas including tax, estate and insurance opportunities.
The alternative investments platform has funded more than $2.4 billion in investments across a range of asset classes since its founding in 2015.
House Democrats have proposed increasing the cap to $80,000 from $10,000 through the end of the decade; Senate Democrats are working on a less generous option.
The board also released a proposal to establish an appeals commission to hear appeals of rulings by the Disciplinary and Ethics Commission.
They also want to extend the 15-day window under state and Finra rules to hold disbursements from accounts when abuse is suspected.
Companies that provide climate solutions are essentially businesses that drive or underpin substantial reductions in or the removal of greenhouse gas emissions.
The deal expands Creative Planning’s presence in the retirement plan business by about $110 billion and gives it access to the large-plan segment of the 401(k) market.
Sam Cone, Jessica McNamee and Grace Yung are joining the group, whose members have diverse backgrounds and specialties.
In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.
ESG is only used in 5% of corporate DC plans, according to Callan. Use by institutional investors also varies a lot by geography.
