The board of directors of the Certified Financial Planner Board of Standards has elected Kamila McDonnough as its 2021 board chair-elect. Current chair-elect Douglas S. King, will serve as chair in 2021, and McDonnough will become chair in 2022.
McDonnough is president and partner of GRID 202 Partners, a registered investment advisory firm based in Washington, D.C., and North Carolina. Prior to joining the firm in February 2020, she spent time working with Rutledge Financial Partners as a wealth manager and at Dimensional Fund Advisors as a financial adviser.
In addition, she worked at Vanguard serving ultra-high-net-worth individuals and advising endowment funds and foundation resources at institutions and organizations throughout the Southern United States.
She also has served on the investment committee for Women Against Abuse, located in Philadelphia and as the foundation board president of the Junior League of Charlotte Legacy Foundation, located in Charlotte, North Carolina. She also has been an active volunteer with the IRS Volunteer Income Tax Assistance program.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income