When using model portfolios, keeping it simple often yields the best results, said speakers at Inside ETFs+, part of Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla. Advisor adoption of actively managed portfolios will continue to grow for some time because the products simplify advisors' lives, noted John Davi, CEO and…

Whether creating or editing images, video, audio or email, advisors can use AI to improve efficiency and free up time to work with clients. Source link

Produced by In partnership with or The latest study conducted by Wealth Management IQ, in partnership with United Planners Financial Services, reveals high levels of satisfaction and ripe areas for improvement in financial services partnerships. Advisors express satisfaction but express concerns about technology support, cyber security and succession planning. Some of the key findings include:…

Earlier this month, the U.S. Court of Appeals for the District of Columbia Circuit issued a ruling in Farhy against the Commissioner, No. 23-1179 (May 3, 2024), reversing the decision of the Tax Court which held that the Internal Revenue Service could not assess penalties under Internal Revenue Code section 6038(b) for failure to file…

As the Internal Revenue Service continues to crack down on U.S. taxpayers who fail to report foreign-source income, a recent case illustrates the inherent reporting difficulties faced by individuals with foreign trusts. IN Geiger v. US, heirs to an estate are preparing to fight a $15 million tax bill stemming from the misclassification of a…

The hit YouTube interview show “The hot ones” promises “hot questions and even hotter wings.” On that show, celebrities are asked questions as they battle it out with a range of 10 increasingly spicier spices – and it's the mix of those pointed questions and answers with physical reactions to the heat that proves the…

The next step in the evolution of alternative investment platforms should be a more targeted approach to match RIAs with the most suitable funds and asset managers for their client base, according to speakers at Inside ETF+, part of Wealth Management EDGE at The Diplomat Beach Resort. in Hollywood Beach, Fla. As the size of…

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 advisor. Andrew shares his journey from early exposure…

In late 2022, Kristine McManus received an unexpected diagnosis of breast cancer. However, doctors thought it was the least aggressive and easily treatable form. Immediately after the operation, she received numerous messages from the hospital; it turns out she had the most aggressive form of triple-negative breast cancer. Her outlook on life changed after she…

New wrappers “There are a lot of exciting things happening in the bond space today,” said Ronit Walny, head of fixed income client portfolio management with Northern Trust Asset Management. “If speed is important, tokenization, which is a fairly new wrapper, is coming into play.” What is good for some is not good for all…