Record outflows from mutual funds have analysts wondering about the future of giants like American Funds, T. Rowe Price and Dimensional Fund Advisors. While mutual funds still hold more than three times the assets of exchange-traded funds, they registered a record $289 billion in outflows last year, according to Morningstar.
Hart Capital Management was founded in 1998 and is based in Spokane, Washington.
After private-equity partners lined up to invest in Captrust, which eventually selected GTCR, the firms that were left out were eager to invest. SageView became the most attractive option remaining.
As COVID-19 forced some older Americans into early retirement, a survey shows a huge increase last year in total retiree debt, partly as a result of more people carrying credit card debt.
The deal for Vertical Financial Group is the insurance giant’s second big purchase of a retirement plan adviser.
Hours before President Joseph Biden was inaugurated at the U.S. Capitol, the Biden transition team released a list of more than 100 Trump regulations approved since 2017 that it intends to revisit.
CEO James Gorman, who worked at Merrill Lynch before joining Morgan Stanley in 2006, said that last year was the first time in decades he had not seen "net attrition," or a net loss, of advisers. "We're bringing in $20 billion every five weeks," Gorman said.
Roughly half of American households may not be able to maintain their standard of living in retirement, according to a report from the Center for Retirement Research.
Chuck Crist, Chuck Gillingham and Ryan H. Jones are joining the firm's employee channel in St. Augustine, Florida.
The new chief executive faces a lengthy Dutch legal battle over his role in a money laundering scandal at his previous employer, ING, that has complicated efforts to put his stamp on the business.
The greatest value we add as financial advisers is keeping clients from making mistakes from which they cannot recover.
A Department of Labor advisory council compiled a wealth of testimony on the challenges that plan sponsors, advisers, record keepers and others face in identifying retirement savers’ cognitive decline and what options they have when they suspect it.
Countless wealth management firms, insurance companies and fintech providers are promising to deliver financial wellness, but few can offer a coherent definition, let alone a clear approach to providing it.
Salvino Wealth Management team in Hinsdale, Illinois, becomes Performance Wealth
The agency says that Michael Sztrom's son David faked being an adviser with his father’s help.
Jacob C. Glick of Scottsdale allegedly took $355,000 from a client after he was terminated by his firm.
A former chairman of the Commodities Futures Trading Commission, former Treasury Department official and former Goldman Sachs executive, Gensler has developed a reputation as a tough regulator who also was a successful leader on Wall Street.
The Wall Street bank’s entrance into robo-advice may be late, but CEO David Solomon outlined how the platform will be able to compete in a crowded marketplace
All five team members of Pinnacle Wealth Solutions in Midlothian are joining Mercer.
Net new households at the wirehouse in 2020 declined 37% year over year, the company reported Tuesday. The pandemic clearly hampered advisers' efforts to reel in new clients, a push at the firm since 2016.
