A warm welcome to this week's edition of 401k Real Talk. This is WealthManagement.com Omnichannel RPA Contributing Editor Fred Barstein & CEO at TRAU, TPSU & 401kTV coming to you from Steam Jupiter – I Review everything from the past week's stories and pick out the most relevant and interesting ones offering an open honest…

World Investment Advisors, an institutional and wealth-focused advisory firm that just recently renamed from Pensionmark Financial Group, has acquired Boston Harbor Wealth Advisors, a Westborough, Mass.-based team with $3.5 billion in assets, 76 team members and 15 offices in the Northeast and Ohio. The team was previously affiliated with Raymond James Financial Services, the firm's…

Hear Barry Martin, lead portfolio manager at Shelton Capital Management, as he discusses growth and covered call strategy in investment portfolios. Learn the demographic and economic factors driving the popularity of covered calls, highlighting their potential for generating income and diversifying portfolios. This quick talk covers the mechanics of covered calls, the risks involved, and…

Charles Schwab executives said the transition of TD Ameritrade clients to Schwab's platform was going exactly as they expected during the firm's summer business update on Tuesday. According to Walt Bettinger, co-chairman and CEO of Charles Schwab, by the end of the second quarter of 2024, TD Ameritrade's former clients had switched from negative to…

A team of advisors led by Kara Boccella, formerly a partner at Certuity, a $4 billion registered investment advisor, has left to form their own RIA, Serenus Wealth Advisors. The new RIA has $1.2 billion in assets under management and will be based in Santa Monica, California. Prior to joining Certuity in 2014, Boccella was…

BlackRock's plans to use its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine leaders in the growing private lending arena. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | July 16, 2024 Source link

Morgan Stanley's wealth business missed expectations this quarter, as the division faced a steep 17% year-over-year decline in net interest income. The company boasted that its wealth division hit record client assets and asset management fee income during the quarter. But according to third-quarter earnings, the wealth division's net income was $6.79 billion, down 1%…

Focus Financial Partners, the New York-based RIA aggregator, is continuing to consolidate by bringing Gratus Capital, an Atlanta-based partner firm with $3.8 billion in assets under management, into the Colony Group. The deal is expected to close in the third quarter. Gratus was founded in 2005 by CEO Hank McLarty and focuses on high net…

Mars Avery's The protector of salvation sold for $20,480 at Doyle's Impressionist & Modern Art/Post-War & Contemporary Art auction on May 8, 2024 in New York City. The brightly colored oil on canvas evokes nostalgia for carefree childhood beach days and is a perfect match for our summer cover. The painting, along with many others…

• The repurchase agreement does not affect the company's valuation–IN Estate of Connelly v. United States, No. 23-146 (June 6, 2024), the US Supreme Court agreed with the Internal Revenue Service that life insurance proceeds paid to a business were not offset by the business' obligation to repay the decedent's ownership in the company. As…