Sponsored by By Billy Hwan, Portfolio Manager, Parnassus Value Equity, Senior Analyst and Krishna Chintalapalli, Portfolio Manager, Parnassus Value Equity, Senior Analyst It's a good problem to have when you have enough money available at the end of the month to choose how to use it. Should you invest for the future? Or get a…

AI firm YourStake has agreed to provide API integrations for custodian Apex Fintech Solutions. The first such API will be YourStake's Document in Wallet, which aims to allow users to upload images or PDF files of account statements from brokerages and banks. Once scanned using AI, YourStake will then digitize this information. Connected: Ten to…

Sponsored byFinancial advisors face a significant opportunity and challenge with estate planning, a critical component of holistic wealth management. However, many advisors lack the necessary tools. Danny Lerfling, co-founder and chief product officer, of Wealth.com discusses how their platform addresses this gap. Studies show a discrepancy: 93% of clients expect estate planning guidance, but only…

Fifth Circuit Court of Appeals decision to overturn SECs Private Fund Adviser Rules, including the requirement for strict quarterly reporting, was met with criticism from some parts of the financial services industry. If passed, the rules would have required registered advisers offering private funds to clients to provide greater transparency on their fee structures and…

I am a 32 year veteran of the financial services industry. I spent 25 years at TIAA, 22 of them building and managing their independent advisor distribution channel. I worked with firms like StraightLine Group. In 2022, I left corporate America and started my own consulting business. One of the first firms I worked with…

From new ways to manage your 401(k) to the launch of a subscription-based RIA, we've seen a lot of interesting innovations come to light in wealth management this month. Here are the five headlines that caught our eye for June's Word on WealthTech. With this collaboration, more than 2,400 Stifel advisors will be able to…

The search for sustainable profitability is a constant aspect of any business, especially in the wealth management industry. According to Capgemini's latest World Wealth Report, the highly concentrated high-net-worth segment—defined as individuals with more than $30 million in investable assets—represents a lucrative opportunity for wealth managers. However, reaching this demographic is not without challenges. The…

Cresset is buying a Michigan-based multifamily office with about $1.6 billion in assets under management. The deal will bring Cresset's total assets under management to more than $52 billion. The Connable Office was founded as a family office in the late 1800s and is one of the nation's oldest family offices. It has worked with…

Sponsored byMike Everett, VP of Business Development, MyVest, sits down with Shannon Rosic to explore the new industry's focus on organic growth and why taking a “homegrown approach” and looking for ways to add value is critical to that. Plus, Mike discusses how to successfully lead change management and builds meaningful capacity for advisors. Source…

In Aprill, The Securities and Exchange Commission charged private equity firm Wayzata Investment Partners for violating the pay-to-play rule for investment advisers. The SEC order noted that a covered associate of the firm made a $4,000 campaign contribution to a candidate for elected office in Minnesota in April 2022 and that office had influence over…