Dimensional Fund Advisors, a $719 billion Austin, Texas-based investment manager that sponsors ETFs, mutual funds and separately managed accounts, is rolling out a new unified managed account platform next month. The UMA platform — an expansion of Dimensional's SMA capabilities that launched two years ago — will enable advisors to manage investments including Dimensional's 38…
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Two senior executives have left Osaic, the broker/dealer network formerly known as Advisor Group — Pete Clemson, chief digital officer, and Melissa Lamarche, senior vice president of advisor relations. Clemson is leaving to take a personal leave due to the death of his son last year. Lamarche is also taking time off, but for undisclosed…
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Section 72 These exemptions should make employees more comfortable contributing to retirement plans and IRAs because they will have greater access to their benefits if needed. The IRS recently issued Notice 2024-55 to provide guidance regarding these provisions. Emergency distribution of personal expenses Section 115 of SECURE 2.0 added a new IRC section 72 Whether…
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In this episode of Focused on the Future, Suzanne Siracuse talks with Shannon Eusey, founder and CEO of Beacon Pointe Advisors. Shannon talks about her unique journey, starting with her childhood experiences as the only girl on all-boys sports teams. She also shares her top five trends in wealth management and discusses why scale is…
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The estate of a late Proctor & Gamble employee is embroiled in a legal battle over his retirement account nearly a decade after his death — with his ex-girlfriend 35 years ago. Jeffrey Rolison passed away at the age of 59, just months before his planned retirement from his job at P&G. He had been…
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According to the latest readings from WealthManagement.com's Advisor Sentiment Index Advisors are sensing a growing disconnect between the stock market and the overall economy. According to the monthly survey, financial advisors are feeling significantly better about the stock market than they reported last month. Fully 60% view the current state of the stock market as…
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(Bloomberg) — BlackRock Inc . is further expanding into private markets investing, creating a new partnership to include assets alongside traditional ETFs and mutual funds in model portfolios offered to US retail affluent clients. The firm will work with Chicago-based GeoWealth to offer private equity and debt funds in customized portfolios to financial advisers across…
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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 offering an open honest and candid discussion that you wouldn't…
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Jim Dickson, the founder and former CEO of Sanctuary Wealth, has re-emerged with the launch of Elevation Point, an investment firm he says will take minority stakes in RIAs with $200 million to $3 billion in client assets and 'help those firms grow. Dickson has partnered with Mark Penske, founder and chairman of United Atlantic…
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Measured by the ratio of monthly net flows to assets. Minimum $1 million in net assets. Data as of June 21, 2024. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and…
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