(Bloomberg) — BlackRock Inc . is further expanding into private markets investing, creating a new partnership to include assets alongside traditional ETFs and mutual funds in model portfolios offered to US retail affluent clients. The firm will work with Chicago-based GeoWealth to offer private equity and debt funds in customized portfolios to financial advisers across…

Hello and welcome to this week's edition of 401k Real Talk. This is WealthManagement.com's Fred Barstein Omnichannel RPA Contributing Editor & CEO at TRAU, TPSU & 401kTV – I Review everything from the past week's stories and pick out the most relevant and interesting ones offering an open honest and candid discussion that you wouldn't…

Jim Dickson, the founder and former CEO of Sanctuary Wealth, has re-emerged with the launch of Elevation Point, an investment firm he says will take minority stakes in RIAs with $200 million to $3 billion in client assets and 'help those firms grow. Dickson has partnered with Mark Penske, founder and chairman of United Atlantic…

Measured by the ratio of monthly net flows to assets. Minimum $1 million in net assets. Data as of June 21, 2024. 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…

Cetera Financial Group has hired a former vice president at Northwestern Mutual as chief compliance officer for one of its platforms, according to the firm. Gwen Weithaus will become CCO for Cetera Investment Services, one of Cetera's network of four independent firms (including Cetera Advisors, Cetera Advisor Networks and Cetera Financial Specialists). “The hiring of…

Many fintech companies pay attention to the value of the human touch while actively working to eliminate as much as possible. But this is the gap EncorEstate plans is looking to complement through its service and support of advisors who offer estate planning first and the use of human experts on the back end. “We…

A federal judge dismissed some of Edelman Financial Engines' claims in its ongoing lawsuit against Mariner Wealth, though many of the most important allegations remain. U.S. District Judge Holly Teeter dismissed Edelman's defamation charges against Mariner, saying the RIA did not identify who made the “allegedly defamatory statements” or to whom they were made or…

The growth of model portfolios and the increasing availability of actively managed ETFs, along with tax efficiency and intraday liquidity, are some of the factors driving the retail channel to become the key driver of growth after exchange traded funds. This was the conclusion of a recent “Cerulli Edge” report by consulting firm Cerulli &…

Commonwealth Financial Network, an independent broker/dealer based in Waltham, Mass., has added Terramar Wealth, a Carlsbad, Calif.-based team with more than $300 million in client assets. Terramar was previously a supervisory jurisdiction office of SagePoint Financial, which is now Osaic, for 22 years. It will serve as a Commonwealth CSO. Last year, Osaic announced her…

While non-bank credit channels have always co-existed with traditional banking, those channels were historically small points in the overall economy. That changed after the Great Recession, when new regulations limited banks' ability to make traditional loans to middle-market businesses in the US (generally defined as companies with EBITDA, or earnings before interest, taxes, depreciation and…