During this very insightful and entertaining talk, InterVal co-founder and CEO Trevor Greenway shares some fantastic insights about the impact that wealth transfer will have on small and medium-sized businesses. Trevor discusses how wealth managers can capitalize on these trends, the role technology plays, and how they can solve the challenge of determining the value…

A Connecticut-based team that manages approximately $750 million in client assets is joining LPL from Lincoln Financial. This is the latest in several Lincoln teams to join the major independent broker/dealer. Summit Planning Group was founded in 1995 and has offices in Branford and Glastonbury, Conn. The team includes financial advisors Brian Onofrio, David Knocz,…

If you're a business owner, you may have heard about the impending sunset of the federal gift and estate tax exemption. If Congress does not act, the current lifetime exclusion amount (which is the amount of assets you can transfer without paying any federal gift and/or estate tax) of $13.61 million for an individual and…

IRA rollovers are big business for many wealth advisors, with close to or over $800 billion leaving DC plans annually over the past three years, according to Cerulli. While some RPAs focus on returns, most see them as lost revenue opportunities. But with the new DOL fiduciary rule, the potential for in-plan retirement income, and…

(Bloomberg) — BlackRock Inc . pulled $51 billion of client money into its long-term investment funds in the second quarter, pushing the world's largest money manager to a record $10.6 trillion in assets. Investors added $83 billion to ETFs and $35 billion to fixed income overall, New York-based BlackRock said Monday in a statement. Connected:…

(Bloomberg Opinion) – Younger investors are thinking about their investment portfolios all wrong, and it's not entirely their fault. Ultimately, it's up to them to figure out where the best long-term returns lie before too much precious time is wasted. The mistake they are making is to replace stocks and bonds with stores of more…

The financial advice industry is in its second decade (at least) of waiting with baited breath for the so-called Great Wealth Transfer. At this point, every advisor knows the drill: As baby boomers age, trillions of dollars are expected to be on the move to younger generations, representing a huge opportunity (or warning, depending on…

It's no secret that the healthcare and financial services industries are incredibly complicated and often don't speak easily to each other. In fact, medical bills are reported to be the number one cause of bankruptcy in the US. Health care costs represent a significant part of an individual's or family's financial landscape, especially as we…

Two registered investment advisers have been rebranded this week. Prime Capital Investment Advisors, an Overland Park, Kan.-based RIA with more than $24 billion in assets under management, has become Prime Capital Financial to reflect the 25 acquisitions the firm has completed over the past seven years. Separately, Pensionmark Financial Group, an advisory firm with $55…

(Bloomberg) — Royal Bank of Canada is shuffling its leadership ranks and splitting its biggest division in two in one of the biggest shakeups of Dave McKay's decade-long tenure as chief executive. Canada's largest bank is moving Neil McLaughlin, the longtime head of its personal and commercial banking division, to a new role as head…