Over half of financial advisors see a healthier stock market a year from now, while just over a third see darker clouds ahead. That will come with some volatility over that time frame, as only four in 10 advisers see a “somewhat better” market over the next six months, while 33% expect a net decline….

When you're the technology leader at a $1 billion wealth management firm, there's a lot that can keep you up at night. Technology issues are evolving, but fortunately, so are the solutions. When it comes to the CTO role, technical and analytical skills are only part of the job. It may be that no skill…

Like clockwork, every Wednesday morning, Russ Thornton, an Atlanta-based advisor who specializes in helping women with retirement planning, publishes a financial newsletter called “Wealthcare for Women” on Substack. Substack is an online platform that makes it easy for authors to publish and distribute digital newsletters efficiently at no cost (as Thornton does) or make people…

(Bloomberg) — Young athletes navigating the burgeoning world of big-money sponsorship deals are teaming up with Bank of America Corp.'s financial advisers. to plan their financial future. BofA's Merrill Wealth Management and IMG Academy, the Florida-based high school sports powerhouse, are partnering to provide financial education to student-athletes and their families, covering topics including saving…

A new Schwab survey found that 61% of 401(k) participants feel that their financial situation requires financial advice. That figure represents a 600-point jump from a year ago, when 55% of respondents felt that way, according to Schwab's. 2024 401(K) Study with Participants. “There is an absolute demand, an insatiable demand for financial advice, and…

In 1977, the richest 0.1% of households owned about 7% of total household wealth. By 2016, their share had almost tripled to around 20%. The increase has attracted attention among policymakers and researchers. Da Ke, author of the study “Left Behind: Partisan Identity, Stock Market Participation and Wealth Inequality,” published in July 2024 ABoUT THE…

FLPutnam Investment Management acquired three independent RIAs collectively with a total of $1.25 billion in assets under management, pushing its assets under advisement to over $10 billion. Additions include Arbor Capital Management Corp., a $950 million AUM firm based in Amherst, NY, as well as Mashpee, Mass.-based Four Ponds Financial Planning and New York's Ascension…

What makes your RIA unique? How do you approach recruiting, both advisors and other RIAs? Differentiating your firm in today's fast-growing RIA space is more important than ever to the future of your business. Our Dynasty Investment Banking team recently held our inauguration M&A Internship in New York for our network partners. One of the…

After inflation soared in the wake of the pandemic, the Federal Reserve raised interest rates 11 times over the 16 months starting in March 2022. Before that, rates hovered near zero as policymakers pulled every lever available to keep the economy humming after the lockdowns ended. most business activity. Fast forward more than two years,…

Elevation Point, an investment firm launched last month by former Sanctuary Wealth CEO Jim Dickson, has added two UBS executives as founding partners. Bradford Smithy and Robert B. Tamarkin joined the firm, which aims to take stakes in RIAs with $200 million to $3 billion in client assets and help accelerate their growth by providing…