CW Advisors, a Boston-based private equity-backed RIA with about $10 billion in assets, is adding Agili, a fee-only firm with about $1.2 billion in client assets under management. Agili opened in 1993 and works with high net worth individuals and families. As part of the deal, the firm will assume the CW Advisors brand and…

During this insightful and engaging talk, Investment Management Support Solutions founder and CEO Trisha O'Donnell shares some great tips on how asset managers can effectively market their investment strategies to stand out from the crowd. During this entertaining conversation, Trisha discusses the importance of contributing to consultant databases, tips for creating a compelling and lasting…

(Bloomberg) — Billionaire Carl Icahn and his investment firm have agreed to pay $2 million to settle a U.S. Securities and Exchange Commission investigation that found the legendary investor failed to properly disclose how much much was borrowing against his shares in the company. Icahn is being fined $500,000 and Icahn Enterprises LP will pay…

Interesting but not shocking results from Fidelity Investments' 15th Annual Plan Sponsor Survey conducted in January 2024 with 1,174 plans with at least 25 participants and $3 million in assets that do not necessarily use Fidelity's recordkeeping service. One of the more shocking statistics from past years predicted 40%-50% advisor turnover, which is interestingly absent…

(Bloomberg) — A $115 million purchase of a duplex high above New York's Central Park in June ended a nearly two-year drought for the city's ultra-luxury real estate market. The shutdown was ultimately a turning point. Less than a month later, a nearby five-story penthouse went for $135 million. With more than four months of…

Bloomberg ) — With U.S. stocks on the rebound, this summer's selloff is looking more like a pause in the bull market than the beginning of its end. Of course, traders have struggled to predict where the economy is headed — and the recession fears that helped fuel the recent pullback could resurface just as…

NewEdge Wealth, a $16.5 billion registered investment adviser owned by NewEdge Capital Group, added two spinoffs on Friday, including a South Florida-based team from Merrill Lynch and a Pennsylvania team from Morgan Stanley. NewEdge Wealth creates its third location in Florida with the addition of an eight-person team from Merrill, enhancing the RIA's ability to…

(Bloomberg) — A wealthy client at Bank of America Corp. pawned his fine art collection so he could borrow enough to buy a sports franchise. Another posted his cache of 19th-century American landscapes to renovate his property. Such is the growing world of art lending – where pieces are used to secure loans, allowing their…

A first-time Olympic medalist's life is almost certain to change a lot after a monumental victory—along with recognition and medal(s) comes prize money and endorsement deals. But in addition to hiring a team or public relations manager to keep up with their appearances and deals, many athletes should also consider hiring a wealth advisor or…

When you consider the last five years in the financial planning industry, what are the main themes that come to mind? What about the last 10 years? For me, technology is at the top of the list. We're seeing fintech tools being launched left and right, and now companies are looking to use AI to…