Advisers who don't find a way to strengthen their philanthropic planning services and knowledge could be “left behind” within a few years, according to the head of a Bay Area-based firm focused on educating RIAs on the matter. “The reason is because there's this huge transfer of wealth happening and they expect about $11.9 trillion…

Several companies in the wealth management space have tried to go public and eventually backed out of the effort. Take Envestnet, CI Financial's US wealth business, Dynasty Financial Partners, AssetMark and others. AlTi Tiedemann Global is one of the few registered investment advisors currently trading on the public market. In a recent long discussion WealthManagement.com's…

(Bloomberg) — Ralph Hamers, the former chief executive of UBS Group AG, has joined a wealth firm founded by former Google employees, his first public appointment since leaving the Swiss banking giant last year. Hamers, 58, is a senior outside adviser at Arta Finance, a digital wealth platform that uses artificial intelligence in an effort…

(Bloomberg) — BlackRock Inc . attracted a record $221 billion in total client money last quarter, pushing the world's largest money manager to an all-time high of $11.5 trillion in assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets. Investors added $97 billion to exchange-traded funds and $63…

As our industry continues to grow, one of the most exciting prospects for me is the ability of clearing firms to step into a more prominent role in helping clients, broker/dealers and advisors navigate the complexities of wealth management. Doing so will require taking a comprehensive look at our technology and reimagining how it best…

Sponsored by Related: Q&A: Smarsh CEO on the role of AI in communications compliance Using testimonials creates a powerful opportunity to amplify the potential reach of positive experiences through word of mouth sharing with new audiences. For financial advisors, online reputation is becoming increasingly important as clients turn to digital channels for information. Understanding how…

While watching the Major League Baseball playoffs this week, I noticed, among the usual ads for beer, trucks, and life insurance, an obvious online estate planning platform. Faith and Will. I took this sudden clash of work and free time as a sign that it was time to write something about this provider's advisor-focused offering-Trust…

A Virginia-based adviser with about $245 million in client assets is joining Baird Private Wealth Management, a dual-registered wealth management arm of Robert W. Baird & Co., from Edelman Financial Engines. Robert Sargent is joining Baird as a director and financial advisor and will be joined by Client Assistant Kaitlyn Powell. Both are relocating to…

Firms and advisers were hit by a phishing scam this week by fraudsters impersonating FINRA executives, according to the brokerage regulator. According to a FINRA cybersecurity alert released Wednesday, the “ongoing” phishing campaign involves scammers sending emails posing as FINRA executives with a PDF attachment that the regulator warned could contain “malicious” content. It is…

It's hard to ignore the Great Wealth Transfer, which claims Gen X, millennials and Gen Z are poised to inherit $84 trillion in assets from baby boomers. Some are heralding it as the “greatest wave of wealth in history” and it's even led to a new nickname for Millennials as “the wealthiest generation.” But while…