Philanthropy often remains an overlooked aspect of wealth planning, which traditionally focuses on wealth accumulation rather than distribution. But high-net-worth individuals and families increasingly understand that their financial legacy extends beyond the accumulation of assets. This growing interest in philanthropy calls for a more integrated approach to planning, where giving is strategically aligned with overall…

I am a CPA. I started my firm in 2010. I always wanted to add financial planning and wealth management when the time was right. We have expanded tremendously since then. We started with about $4 million in AUM in 2016. We now manage about $130 million. Hopefully, we can maintain that trajectory. CRM /…

AssetMark is acquiring $12 billion in assets by taking over the Morningstar Wealth Asset Management Platform, the companies announced Thursday. Morningstar Wealth will join the AssetMark platform as a third-party strategist, offering advisors model portfolios and separately managed accounts managed by Morningstar. Connected: Morningstar Wealth Adds SMAs to US Wealth Platform After the transaction closes…

Data mining and artificial intelligence are two major trends shaping the industry, according to Mark Evans, president and CEO of Conquest Planning. As for data collection, Evans said his firm's system is built with an open API that allows it to bring in data and push it into other systems, such as a CRM, so…

(Bloomberg) — The U.S. Supreme Court upheld a 2017 tax on the foreign profits of U.S.-owned businesses, rejecting an appeal that could have saved companies hundreds of billions of dollars. VOTING 7-2, the justices said Congress has the constitutional power to tax people and companies on their share of retained earnings of corporations, at least…

(Bloomberg) — With a rush of individuals exploring alternative assets for the first time, a platform dedicated to that space is cutting fees it says affect portfolio performance for such investments. Connected: CAIS adds several Blackstone funds to its marketplace CAIS, which works with more than 34,000 financial advisers, is cutting fees as low as…

According to a survey co-led by the Association of Investment Advisers, the RIA industry has set a record number of investment advisers, firms and clients in 2023. Additionally, assets under management by SEC-registered advisors jumped 12.6% in 2023 from the market's decline a year earlier, compared to 2021 highs. The number of advisors grew by…

Data mining and artificial intelligence are two major trends shaping the industry, according to Mark Evans, president and CEO of Conquest Planning. As for data collection, Evans said his firm's system is built with an open API that allows it to bring in data and push it into other systems, such as a CRM, so…

Jared Fingeret, senior vice president, head of Liquidity and Capital at LPL Financial, joins Shannon Rosic to explore their recent efforts in acquiring advisory practices, their unique perspective and differentiation for advisory firms, and how they plan to solve for the next generation of independent advisors. . Source link

No one likes to feel limited by the firm or model you've built your business on. Unfortunately, it's not uncommon for advisors to reach that point—especially when they're employees of a much larger institution, like a bank brokerage. Many young advisers start their careers in bank branches. They provide a solid training ground, a steady…