It is often said that business and politics do not mix. However, both spheres share striking similarities in relying on solid leadership, strategic planning, stakeholder management, and cultural influence to succeed. Surprisingly, corporations continue to abandon diversity, equity and inclusion, psychological safety, and employee resource pools; the political sphere unsurprisingly adopted these strategies to advance…

Alternative asset manager KKR & Co. reported growing momentum in its mutual funds targeting retail investors and advisory clients during second-quarter earnings. The firm also signaled that the first products developed through its partnership with Capital Group will debut in 2025. Among its existing investments in the wealth channel – what the asset manager calls…

A team of four advisers in Middleton, Wis., have left Northwestern Mutual to join Commonwealth Financial Network. Sentinel Advisory Group, led by co-founders Brent Cashore, Peter Shulla, Nathan Keeling and Cary Grunder, manages approximately $300 million in client assets. Grunder was with Northwestern for 29 years, while Shulla was with the firm for 17 years,…

Open, honest, and candid discussion about the courts halting the DOL's fiduciary rule, the growing need for employment counsel, the ramifications of Chevron on the ESG rule, and more. Source link

Financial adviser Lock Bingham has left Stifel Financial to start his own registered investment adviser. He recently founded Bingham Private Wealth, a San Francisco RIA with approximately $200 million in client assets. Bingham spent the past 10 years at Stifel, most recently as a senior vice president. Before that, he was with Sterne Agee. Principal…

LPL Financial continues to track teams from firms undergoing major acquisitions and integrations, snapping up a previously $170 million team from Avantax before it merged with Cetera. He also picked up a $250 million team from Osaic earlier this week, continuing a multi-month streak of Osaic-to-LPL transitions. Connected: $1 billion New Jersey firm leaves Osaic…

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, providing an open and honest discussion that you wouldn't get…

I played a lot of baseball growing up. One of the best pieces of advice my coaches gave me was this: “Boy, don't go into the batter's box without a plan.” My coaches wanted me to exude confidence every time I stepped into the box to show the ball that I was fearless. Most importantly,…

A legal battle is playing out in Nevada probate court over a family trust that holds shares in one of the world's largest media empires. Rupert Murdoch is fighting with his children to change the terms of his irrevocable family trust, the vehicle through which Murdoch controls roughly 40% of the shares in News Corp…

(Bloomberg) — Economist Nouriel Roubini, who won the “Dr. Nicknamed Doom” for his warnings of doom before the 2008 financial crisis, he is looking to become the latest high-profile Wall Street veteran to make his mark on the $9.4 trillion ETF universe. The Atlas America fund, which would count it as one of three portfolio…