Charitable giving is top of mind for most affluent individuals, according to a study by BNY Mellon Wealth Management, which found that 56% of the affluent currently have a charitable giving strategy and 22% would consider adopting one.
The top two motivators for giving are personal satisfaction and personal connections, the survey found, with 91% of those surveyed agreeing that a charitable giving strategy is a part of their overall wealth strategy.
Most investors, particularly Gen X and millennials, want their wealth adviser to understand their values, BNY Mellon said in the study.
With 8.6% of advisors set to switch firms in 2026, Cerulli says advisor recruitment hinges on technology, branding and HNW support.
“I’m seeing more disputes like this between advisors and other advisors at the same practice,” said one industry executive.
Longer retirements and steady inflation could drain retiree portfolios before heirs inherit, with 4% net returns running dry by year 34.
A single fintech partner triggered a $68.8M credit hit.
His daughter got 9 million shares "for services" she never performed.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
