In the ultimate niche advisory strategy, veterans are stepping in to help current and former members of the military navigate the nuanced world of financial planning.
The deal expands Creative Planning’s presence in the retirement plan business by about $110 billion and gives it access to the large-plan segment of the 401(k) market.
Sam Cone, Jessica McNamee and Grace Yung are joining the group, whose members have diverse backgrounds and specialties.
Scottsdale-based RG Capital manages $176 million and serves approximately 300 clients, with a focus on dentists.
ESG is only used in 5% of corporate DC plans, according to Callan. Use by institutional investors also varies a lot by geography.
The terms of Nexo's deal for a stake in Texture Capital Holdings were not disclosed.
The new registered investment adviser unit, J.P. Morgan Personal Advisors, operates under the roof of J.P. Morgan Wealth Management and will launch broadly next year.
Two advisers from Truist and a trio from Merrill Lynch are moving to the firm's employee channel.
Firms that have recently disclosed interim portfolio decarbonization targets are on track to cut their CO2 footprint by just 20% this decade, according to nonprofit Universal Owner.
The Toronto-based mega buyer adds $7.5 billion Gofen and Glossberg, growing its U.S. RIA assets to $95 billion.
Petaluma-based Investment Architects and its affiliated RIA, Resource Investment Architects, manage $1.25 billion.
The eighth day of the conference saw announcements on climate resilience and ocean risks, and an appearance by former U.S. President Barack Obama.
Over four years, the New York-based broker-dealer failed to identify trading that was potentially excessive and unsuitable in hundreds of customer accounts, according to Finra.
Francine Payson and Tarek Salhab are joining the firm's employee unit in Fort Myers, Florida.
Scott Howell will open an office in Summit, New Jersey.
Contributions to health savings accounts can trip up enrollment after the age of 65.
The legislation would also expand access to workplace plans by creating more opportunities for part-time workers to join and allowing 403(b) plans to participate in multiple-employer and pooled employer plans.
Investors may bristle at the mere mention of tracking error—but that’s what helps them keep more of their money while maximizing their after-tax returns.
Last week’s announced purchase of Newport Group by Ascensus comes on the heels of Empower’s purchases of MassMutual’s and Prudential’s record-keeping divisions.
NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.
