More than eight in 10 aspiring CFP young professionals will consider whether a firm emphasizes pro bono planning when deciding where to work, according to a new survey by the Foundation for Financial Planning and Enhanced Planning. The survey focused on individuals under 35 who were planning to obtain CFP certification and found that 43%…

Sponsored by Discover the secrets to growing high-performing RIAs with this free guide from Practifi. Automating time-consuming processes can dramatically reduce manual work, minimize errors and improve efficiency. This allows advisors to serve more clients, ensuring consistent, high-quality service, reducing compliance risks and freeing up time for strategic tasks. The numbers don't lie 86%…

Sophisticated family businesses often employ legal entities and governance structures to support complex and dynamic economics and decision-making related to the organization of investments, creditor management, incentives, and economic allocations. Administration of these structures requires compliance, which now includes the US Corporate Transparency Act (CTA). This is likely to be managed by a centralized management…

Artificial intelligence generation company Boosted.ai announced this week the closing of a $15 million funding round. Part of the funding will go towards further developing its latest technology and expanding into the wealth management market. Although not a household name to most financial advisors, Boosted.ai was launched in 2017 and is probably best known to…

Even with the 2024 election behind us, estate planners will continue to have clients who want to promote partisan interests by funding political causes in their estate plans. Unlike charitable gifts made to favored social causes, lifetime and legacy political giving is subject to restrictions, prohibitions and reporting requirements, and sometimes, a fiduciary is required…

With Bitcoin approaching $100,000, many of your customers may be wondering if they should add cryptocurrency to their wallets. Some may be angry that they have stood on the sidelines for so long while cryptocurrencies like Bitcoin have gained 100% this year (over 30% since the presidential election) and approx 1,100% during the last five…

On November 21, UBS Wealth Management announced sweeping changes to its advisor compensation plan. As consultants to financial advisors, our role is to provide guidance on anything that could potentially affect their ability to optimally serve clients and grow their businesses. The purpose of this episode is to take a step back and provide UBS…

Florida, home of the countryside, long considered the gold standard for places to spend your golden years, no longer sits on that throne. Far from it, actually. GOBanking rates recently determined the safest and wealthiest cities for retirees analyzing data from the US Census' American Community Survey, Sperling's Best Places, and the Bureau of Labor…

Open, honest, and candid discussion about DOL's AI guidance, the agency's practice of sharing information with plaintiff's attorneys, data keeper consolidation that helps RPAs grow, and more. Source link

Fundraising for alternative assets offered to retail investors has been on the rise and asset managers have been busy launching a slew of new products seemingly on a daily basis. The world of evergreen investments includes interval funds, tender offer funds, non-traded REITs and business development companies. Some bands trace that universe to some extent….