Open, frank and honest discussion about foreclosure lawsuits, hybrid TDFs with annuities, new hires at Cetera and Allianz Life and more. Source link

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…

After a series of bumps and starts that included what, on the surface, seemed like a small but attention-grabbing employee rebellion, Orion Advisor Solutions has devised a plan to turn the office around that will turn most of 1300 employees. employees work at the company's eight locations three days a week. Orion's executive leaders settled…

After a relatively quiet April, asset managers picked up the pace of launches in May with 50 new funds entering the market. Source link

Fisher Investments, a nationally registered investment adviser with more than $275 billion in client assets, announced plans Sunday to sell a minority of shares in the firm Advent International and a subsidiary of the Abu Dhabi Investment Authority in a deal that values ​​the RIA at $12.75 billion. And while that valuation may raise some…

A Virginia advisory team with more than $915 million in assets under management is moving to RBC Wealth Management. The firm is being joined by Truist and will work out of RBC's Tysons office. The Brown-Brinkley Group includes co-managing directors Alexander S. Brown and William Brinkley, who boast 22 and 36 years of experience in…

A California-based consultant and former frequent CNBC analyst is in custody after eluding law enforcement for more than two years, according to the Justice Department. James Arthur McDonald was arrested over the weekend in Port Orchard, Wash., about 15 miles outside Seattle. He made an initial court appearance in Tacoma, Wash., and is expected to…

Blackrock's Chief Investment Officer reported that while hedge funds and brokerages have dived into bitcoin spot ETFs, RIAs have been slower to embrace them. Morgan Stanley is adding more manager-traded SMAs to its UMA platform, FundFire reports. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | June 18, 2024…

(Bloomberg) — The nouveau riche are trading old investment tactics for more crypto-heavy wallets and a passion for collectibles. About 94% of Gen Z and Millennial investors are interested in collecting items such as watches, rare cars and sneakers, according to a new survey of wealthy Americans by Bank of America Corp. It was the…

The US investor population is aging and living longer, creating a need for financial assets to last longer. An important question to address is whether the wisdom gained from experience outweighs the negative impacts on investment behavior caused by cognitive decline as we age. Empirical research shows that while, on balance, cognitive decline has the…