Osaic, one of the largest independent broker/dealer networks, has released enhanced versions of its NextPhase Pro and NextPhase Plus retirement income planning tools, with the help of IncomeConductor. The NextPhase platform calculates readable and personalized retirement income plans that are based on simple data collected from end clients by their advisors. Connected: Retirement income moves…

Irrevocable grantor trusts are ubiquitous in estate planning for good reason: Taxpayers can give valuable, appreciating assets to a trust that can be protected from the beneficiaries' creditors. Transactions, such as loans and sales, between the lessor and grantor fund are disregarded for income tax purposes, providing considerable flexibility and opportunity for onward transfer of…

Ultra High Net Worth (UHNW) individuals and their families engage in trust and estate planning for many reasons, the most common of which is to protect their family's assets and ensure the most tax-efficient transfer of wealth between generations. UHNWs are becoming increasingly global – whether in the migration or actual movement of family members…

Editor-in-Chief Susan R. Lipp weighs in on the contents of this month's issue. Source link

Morgan Stanley's wealth business missed expectations this quarter, as the division faced a steep 17% year-over-year decline in net interest income. The company boasted that its wealth division hit record client assets and asset management fee income during the quarter. But according to third-quarter earnings, the wealth division's net income was $6.79 billion, down 1%…

BlackRock's plans to use its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine leaders in the growing private lending arena. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | July 16, 2024 Source link

The ETFs included feature funds that were launched in the calendar month of June 2024. Here is the second half of them. 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…

More than six in 10 advisory firms have no plans to build or use client-facing artificial intelligence tools or predictive analytics models in the future, according to a new survey of compliance professionals by ACA Group, a provider of compliance services. compliance. Overall, 64% of respondents to the 2024 ACA Investment Management Compliance Testing Survey…

Prospera Financial Services, an independent broker/dealer headquartered in Dallas, has added an Irvine, Calif.-based team with approximately $115 million in assets under management. Up the Graph Financial Group, led by Garrick Updegraph, is joined by Wells Fargo Advisors Financial Network. Updegraph was with Wells Fargo for 13 years. Before that, he was with Morgan Stanley….

(Bloomberg) — Thomas Matthew Crooks, the The 20-year-old armed who shot and wounded former President Donald Trump at a rally in Pennsylvania, appeared briefly in an ad for BlackRock Inc., the company said Sunday. Crooks was one of several students who appeared in the background of the 2022 ad and were unpaid, BlackRock, the world's…