TradePMR, which provides technology and custodial services to registered investment advisors, said it’s partnering with FP Transitions, a succession planning firm, to provide consulting services to advisors on the TradePMR Fusion platform.
The consulting service aims to help RIAs and breakaways with their organizational structure, compensation and entity design.
According to a statement, FP Transitions works with thousands of firms each year on succession planning.
“Optimal succession planning can take up to 15 years to design and implement,” Scott Leak, director of business development at FP Transitions, said in the statement. “We believe our data proves that firm value declines significantly when succession planning is delayed.”
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
