Having moved away from large bureaucratic institutions that “reach for the lowest common denominator”, many RIA owners are reluctant to create systems and processes because they feel that by doing so, they will limit the “uniqueness” they have worked so hard for. many to create by starting their own. Ironically, it is this same passion…

Lake Avenue Financial, a Pasadena, Calif.-based registered investment advisory firm with $115 million in client assets, has hired Jess Bostformer vice president of strategic partnerships and client success at Alpha Architect, as chief financial planner. Advisor Alex Chalekian founded Lake Avenue in 2014, and the firm now includes Rosa Chalekian, his wife, who serves as…

(Bloomberg) — When it comes to money buying happiness, more is better. This is according to new research from a senior colleague at the Wharton School, who has argued that the correlation between wealth and well-being does not increase when income reach a certain point. Matthew Killingsworth, who studies the causes of human happinesssaid both…

(Bloomberg) — An impending transfer of $73 trillion in wealth to younger generations is drawing attention to the rise of social media as a means of financial advice between Gen Z and millennials, according to a report from the World Economic Forum. “Finfluencers”, a segment of online influencers who share advice about money and investing…

(Bloomberg) — Financial technology startup Human Interest Inc. has raised a new round of funding at a $1.33 billion valuation as it expands its retirement services. The company's latest funding brought in $267 million in a combination of equity and debt in a deal led by investment firms Marshall Wace and Baillie Gifford, the startup…

A senior partner with Rise Growth Partners is CFP's Board Chair-elect for next year, set to take the reins in 2026. At its July meeting, the organization's board of directors elected Terri Kallsen as chair-elect for 2025. She will succeed Matthew Boersen, the current board chair, and Liz Miller, who will serve as chair in…

IN Shaddick v. Hessler, 316 Neb. 600 (May 10, 2024), the Nebraska Supreme Court held that express tax-splitting provisions in a decedent's revocable trust violated the state law rule that all beneficiaries share proportionately the burden of the inheritance tax. Michael Hessler created a revocable trust as part of his initial estate plan. Later, he…

Populism has been on the rise around the world in recent years, and its rise in the United States has serious implications for how lawmakers will handle the year ahead. $4.6 trillion tax cliff. In broad terms, populism manifests itself in public policy as proposals aimed at raising working-class families. These populist perspectives can topple…

While studying at Duke University, Martine Lellis began to feel ill. It quickly progressed to a hospital visit where she was diagnosed with pneumonia in both of her lungs. The condition escalated to a near-death situation, so her doctors decided to induce a coma even before her parents could reach her. It became so severe…

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…