In an industry known for the stubbornly elevated average age of advisers, Aly Kassim-Lakha is a fresh face with some fresh ideas for improving the financial advice business. In April, Kassim-Lakha, 31, founded Aspen Standard Wealth, a holding company it says it wants to be a “permanent home” for other RIAs, as opposed to the…

You may have heard that alternative asset managers are making big bets on the property market. This is seen in all manner of ways, including several new technology platforms, mergers in the asset management space and the rapid rollout of new limited liquidity funds designed to attract mass affluent investors. Those who push for the…

Caitlin Douglas, a new founding partner and chief operating officer for investment firm Elevation Point, knows the industry's next few years will be defined by advisers seeking “different flavors of independence.” She is sure that her firm has found a fragrance that will be particularly attractive. “You have (on the one hand) your platforms that…

Stephen Chen wants to get financial planning into the hands of 100 million people—and working with advisors will help him achieve that goal. He has spent the last decade growing his consumer-focused financial planning startup Boldin, formerly NewRetirement. Almost 400,000 consumers have accessed the platform, which provides tools to analyze their financial well-being or build…

In a sense, Jason Barber was born to be an Edward Jones broker. His grandfather, Paul Barber, established the first Edward Jones office in Nacogdoches, Texas, a small town of 32,000, in 1981. His father eventually joined the business. Jason says his earliest memories involve his father knocking on doors and building his book. Related:…

Kori, a diversity technology platform and financial services conference certification program, is closing after about three years. according to a letter by co-founders Liz Gagnon and Sonya Dreizler. In the letter, Gagnon and Dreizler say the business will shut down as of Dec. 31, including the Conference Diversity Certification, which aimed to create an industry…

(Bloomberg) — UBS Group AG made organizational changes at its U.S. wealth management unit as it seeks to boost profitability in a market that is central to its growth plans. Related: Diamond Podcast for Financial Advisors: UBS Comp Plan Changes and Impact on Advisors The structure of the U.S. wealth adviser will move from two…

Lido Advisors is expanding its presence in Los Angeles by acquiring Avitas Wealth Management, a $1.1 billion firm that focuses on working with multigenerational families. In a statement about the deal, Lido president Ken Stern underscored the two firms' “common roots” in Los Angeles, while CEO Jason Ozur called Avitas a “seamless fit” for the…

Fred Barstein, contributing editor for WealthManagement.com's Channel RPA and CEO at TRAU, TPSU and 401kTV, speaks with Jania Stout, newly minted president of Prime Capital Retirement & Wellness, asking: What are the 3 biggest issues/challenges that RPAs face when selling to an aggregator? What are the top 3 reasons for an RPA to…

Asset managers are seeing the move to alternatives as an existential issue and are rushing to hire product specialists. ETF.com writes about the launch of a new “anti-woke” ETF. These are among the investment must-reads we found this week for wealth advisors. Source link