Wealthspire Advisors, a New York-based registered investment advisory firm owned by global insurance brokerage NFP, has launched Wealthspire Trust, a trust company incorporated in Tennessee. Wealthspire advisors, who manage almost $25.9 billion in assets, will now have access to the firm's personal trust services. He will be based in Franklin, Tenn. While Wealthspire has grown…

A broker facing FINRA disciplinary charges is citing last month's Supreme Court decision that weakened the SEC's enforcement powers to challenge the validity of the brokerage regulator's enforcement arm. D. Allen Blankenship filed suit in federal court in Pennsylvania against FINRA, seeking a temporary restraining order to stop the regulator from pursuing disciplinary hearings. Connected:…

Join abdrn and WisdomTree for a CE webinar focusing on fixed income strategies and bonds in 2024. Get expert perspectives from industry leaders Jonathan Mondillo and Kevin Flanagan as they discuss the current economic outlook, explore yield opportunities and share innovative strategies of investments. What you will learn: Understand the impact of a slowing…

Stifel had the highest satisfaction score among employee advisors, while Commonwealth took the top spot among independents, according to JD Power's latest rankings. Each year, JD Power surveys advisors at both employee and independent firms to gauge their satisfaction in a variety of categories, including compensation; strong leadership and culture; operational support; products and marketing;…

Years of rumors have materialized after giant technology provider Envestnet announced it will return to private ownership through an acquisition by Bain Capital. The transaction, which values ​​Envestnet at $4.5 billion, or $63.15 per share, includes stakes from previous investors and strategic partners in the firm – Revenerence Capital, BlackRock, Fidelity Investments, Franklin Templeton and…

Some advisors spend their entire careers with one firm, while others will choose to make a move when the time is right. And there are still others who have experienced many different corners of the industry. It's the latter who often make the most compelling guests on our show, because they really have seen it…

Modern Wealth Management, a registered investment advisory backed by private equity launched last year of former United Capital executives, has acquired Knoxville, Tenn.-based C&J Wealth Advisors, bringing the firm's assets to more than $4 billion. C&J Wealth, with $260 million in AUM, is Modern Wealth's ninth acquisition in the past 14 months. The deal also…

Rock House Financial, an independent RIA with $272 million in AUM, is merging with Wealth Enhancement Group, bringing the acquiring firm's client, advisory, trust and brokerage assets to $85.7 billion. Based in Farmington, Utah, it is WEG's first location in the state. The team is led by founder Bob Aamodt, CFP; Nicole Roberts, CFP; and…

Join us in this installment of Focused on the Future as Suzanne Siracuse sits down with Stacy Francis, founder and CEO of Francis Financial and the nonprofit Savvy Ladies. Stacy shares the heartwarming story of her grandmother's life and how it influenced her to become a financial advisor working with women in transition, such as…

To qualify for Internal Revenue Code section 501(c)(3) status, organizations must ensure that, upon dissolution, any remaining assets are distributed to exempt purposes, as opposed to individual beneficiaries. Organizations can either establish a qualifying plan of distribution in their controlling documents or rely on the operation of state law to meet federal requirements. The assets…