In this episode of Focused on the Future, industry veteran Suzanne Siracuse sits down with Andrew Altfest, president of Altfest Personal Wealth Management and founder of FP Alpha, to explore the transformative power of AI in financial advising and how it is reshaping the value proposition of advisor. Andrew shares his journey from early exposure…

In late 2022, Kristine McManus received an unexpected diagnosis of breast cancer. However, doctors thought it was the least aggressive and easily treatable form. Immediately after the operation, she received numerous messages from the hospital; it turns out she had the most aggressive form of triple-negative breast cancer. Her outlook on life changed after she…

New wrappers “There are a lot of exciting things happening in the bond space today,” said Ronit Walny, head of fixed income client portfolio management with Northern Trust Asset Management. “If speed is important, tokenization, which is a fairly new wrapper, is coming into play.” What is good for some is not good for all…

Advisers looking to attract millennial clients need to understand that members of that generation are cautious about their financial choices, well-informed and tend to use technology to invest, according to speakers Tuesday at Inside ETFs+, part of Wealth Management EDGE at The Diplomat Beach. Resort in Hollywood Beach, Fla. Millennials experienced long-term trauma from going…

Open, frank and honest discussion about The New York Times article on 401(k)s, BlackRock ETF TDF and more. Source link

Hello and welcome to this week's edition of 401k Real Talk. This is WealthManagement.com's Fred Barstein Omnichannel RPA Contributing Editor & CEO at TRAU, TPSU & 401kTV – I Review everything from the past week's stories and pick out the most relevant and interesting ones by offering an open, frank and honest discussion that you…

To get useful answers from AI-generating chatbots, advisors need to know what questions to ask and how to ask them. Eric Ludwig, director of the American College of Retirement Income, and Chet Bennetts, assistant professor of financial planning and program director at the American College of Financial Services, made this point during their session “The…

RIA firms looking to offload their practices find themselves in “an unprecedented sell-side market,” according to a lawyer who specializes in deal advisory firms. However, a firm's success may depend on its ability to show true organic growth. Ted Motheral, a partner with Potomac Law Group, said he's seeing deal interest among all levels, from…

Firms face 'a cliff' of potential clients dependent on digital leads, not referrals The “traditional rainmaking” technique of relying on referrals is becoming less important as digital data gains importance and “that cliff is coming faster than we think,” according to Mary Kate Gulick, Chief Marketing Officer and Chief of Financial Services at FiComm. Connected:…

The influx and demands of private capital in the RIA space increasingly leave little distinction between the largest national RIAs and wirehouses, according to Rise Growth Partners Joe Duran. During a conversation with WealthManagement.com Managing Editor Diana Britton at Wealth Management EDGE at the Diplomat Beach Resort in Hollywood Beach, Fla., Duran said the industry…