The great transfer of wealth is underway, and while much has been said about Gen X and Millennials, a new report reveals that Gen Z is small (in proportion to their cohorts) but mighty. According to EY STUDY, How can understanding Gen Z's influence today power your tomorrow?while Gen Z only makes up 14% of…

A San Diego-based team with about $215 million in assets under management is the latest to leave Osaic for LPL Financial. Paul Neves and Darrin Santos, founding partners of FSI Wealth Management, are joining LPL from Securities America, one of eight Broker/dealers of the group of legacy advisors that have come together under the Osaic…

Wealthcare, an integrated technology platform, hybrid registered investment advisory firm and TAMP based in West Chester, Pa., has launched a new RIA and affiliate model for joining advisors, according to Form ADV filings. The firm was light on details of Wealthcare Capital Partners, which registered with the Securities and Exchange Commission last month. RIA also…

IN The Annenberg Estate, the US Tax Court determined whether the termination of a qualified marital property trust with an indefinite interest (QTIP) for the benefit of a surviving spouse, and the subsequent sale by the surviving spouse of property previously held in the QTIP trust, resulted in tax liability for the gift as the…

(Bloomberg Opinion) — Nor collection of funds from pension funds and endowment funds slows down, private loan managers have set their sights on wealthy individuals. The success of the $54 billion Blackstone Private Credit Fund, which launched less than four years ago, prompted companies like Blue Owl Capital Inc. create their own versions. And they…

(Bloomberg) — BlackRock Inc.'s iShares Bitcoin Trust. has become the world's largest native cryptocurrency fund, amassing almost $20 billion in total assets since listing in the US earlier this year. The exchange-traded fund held $19.68 billion of the token on Tuesday, dethroning the $19.65 billion Grayscale Bitcoin Trust, data compiled by Bloomberg show. The third…

In this fascinating and entertaining discussion, Steward Partners CEO Jim Gold discusses key trends impacting the Wealth Management space, including the shift in ownership within wealth management. Jim also shares his insights about what hybrid RIAs will look like moving forward, the impact of private equity on M&A activity, and concerns around succession planning. Learn…

Stratos Wealth Advisors, the fee-only registered investment advisor owned by Stratos Wealth Holdings, has added a pair of advisors in Pepper Pike, Ohio, managing more than $100 million in assets. Spain & Smith Wealth Advisors will be led by veteran Henry “Hank” Spain, managing director and senior portfolio manager, who was most recently with Carnegie…

Moody's Ratings and S&P Global Ratings recently issued negative outlooks on RIA aggregator Focus Financial Partners and Edelman Financial Engines, an RIA with $284 billion in assets under management. Moody's recently affirmed Focus's B1 corporate family rating, senior secured bank credit ratings and its B1-PD probability of default. But analysts changed their outlook on the…

Based on five-year returns as of May 23, 2024. Minimum $5 million in net assets, excludes leveraged and inverse ETFs. 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 analytics that…