Founder Bob Cortright is stepping back in as global CEO of the digital custody and clearing firm upon the exit of Terry Angelos.
An unusual coordinated effort among state lawmakers seeks to impose wealth taxes across the country, but advisors warn levies on assets will drive high-net-worth clients to lower-tax states.
The death of Lisa Marie Presley may leave her children on the hook for $1 million in back taxes. Could this have been avoided?
Half of near-retirees are relying on self-education to understand Social Security and Medicare, while 53% plan to use an advisor to maximize retirement income sources.
Other direct indexing products have avoided the fixed-income space because it has a different liquidity profile and requires going directly to dealers.
One advisor allegedly recommended unsuitable investments to a client and then failed to monitor her portfolio or meet with her. Another claimed in an ad his retirement program could raise all the money needed for a nest egg in 3 to 5 years.
It’s the central question for the GOP and industry lobbyists as Congress takes a larger role in regulating the regulator.
The Zoe Wealth Platform charges a fee based on advisory assets for everything an RIA needs to work with clients.
The best-managed RIAs closely monitor growth by measuring net new assets and revenues, both from the addition of new clients as well as existing clients adding to their investment portfolios.
The industry has focused almost exclusively on cybersecurity controls over the past few years, instead of understanding what their core obligations and fiduciary responsibilities are for client data.
Can ChatGPT give good financial advice? InvestmentNews fed the algorithm questions to see how its AI stacks up.
They're confident that after some political theater over the next few months, lawmakers will reach an agreement to boost the debt limit because the consequences of not doing so would be catastrophic.
The firm posted record net revenue in wealth management last year, in contrast to investment banking, where it saw a 49% decline in revenue during the fourth quarter.
The combination of rising prices and a falling stock market have worsened the retirement crisis, with 37% of retirees surveyed saying they have no savings at all.
This month’s highlights include Envestnet’s entering the RIA custodial business and Docupace’s launch of an RIA Productivity Toolkit.
Temple, Texas-based Cedarwood Financial Partners specializes in retirement planning services.
Rep. Ann Wagner, R-Mo., will lead the House Financial Service Subcommittee on Capital Markets, which oversees the SEC and works on policies related to investor protection and capital formation.
Plus Brad Weber gets Savvy, iCapital adds 100 to its tech team, and Richr launches an advisory service.
Advisors at Wells Fargo have been under a cloud since 2016, when the bank's fake-account scandal erupted.
The asset manager will make a minority investment in Human Interest, as well as leading a financing round to support the next phase of the company’s growth.
