In today's volatile economic landscape, gold remains a beacon of stability as a solid investment and sought-after collectible. It is essential that financial advisors understand the difference between investors and gold collectors, as their goals and the risks they are willing to take differ significantly. This guide provides an in-depth look at gold investing, stock…

In this episode of Focused on the Future, industry veteran Suzanne Siracuse sits down with Andrew Altfest, president of Altfest Personal Wealth Management and founder of FP Alpha, to explore the transformative power of AI in financial advising and how it is reshaping the value proposition of the advisor. Andrew shares his journey from early…

Many RIAs fail to pave a path for the next generation of advisors to lead their firms. Fewer than 40% of RIAs have a succession plan in place, said Mary Kate Gulick of FiComm Partners at RIA Edge, part of Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla. In part, this…

Half of advisors plan to recommend cryptocurrency investments to their clients within the next 12 months, according to a March survey by the Digital Asset Council of Financial Professionals, the organization that connects the financial services industry with the digital asset community. Thirty-five percent of advisors plan to start recommending crypto within six months, up…

TD Bank accused several former advisers who joined Raymond James of breaking non-solicitation oaths and taking clients with about $22 million in assets to walk away with. The bank asked the federal courts to grant a restraining order against the former employees. TD Bank and TD Private Client Wealth filed their complaint and request for…

I recently began my tenure as chief of operations with the Financial Alliance for Racial Equality (FARE), and for the first time in my career, I feel that my experience, talent, and passion are fully aligned with the organization I serve. FARE has been operating as a non-profit organization since September 2020 with a mission…

On May 7, 2024, the U.S. Treasury and Internal Revenue Service issued proposed regulations providing guidance regarding the reporting of ownership information, transfers, and receipt of distributions by foreign trusts; receiving large foreign gifts; and loans from, and uses of, assets of foreign trusts. The proposed rules also seek to amend existing regulations regarding foreign…

Sponsored by By Todd Ahlsten, CIO, Parnassus Investments I've been down to Silicon Valley countless times in my 29 years studying the semiconductor industry. The several-day trip I just completed, where I sat down with the CFOs and other executives of major chipmakers, was unlike any other I've experienced. That's because the AI ​​boom driving…

Private equity firm Thomas H. Lee Partners recently took Hightower off the market because it didn't get the price it was asking from potential buyers, according to sources close to the firm and investment bankers involved. Citywire.com first reported that THL was pursuing a $130 billion sale of its majority stake in the RIA platform…

Cetera Financial Group, the independent broker/dealer network with more than $475 billion in assets under management, has added four new executives to its advisory solutions team as part of the firm's effort to build services for independent advisors registered investments. Brian Lampron, former vice president of RIA Services at Commonwealth Financial Network, has joined as…