A man who claims to have co-founded Wealth Enhancement Group has filed suit against the acquiring RIA, alleging it refused to pay him “finder's fees” for firms the company bought. Gerald “Jerry” Bernard filed the lawsuit in Minnesota's Hennepin County, seeking more than $50,000. According to the lawsuit, Bernard has over 40 years in the…

During this very enlightening conversation, Qdeck CEO Jag Prakasam and Keebeck Wealth Management CEO and founder Bruce Lee dive deep into the topic of artificial intelligence. Prakasam offers some great examples of how financial advisors can harness the power of AI to make their practices more efficient, while not losing the personalized touch to help…

Fundraising for alternative assets offered to retail investors totaled $47.56 billion in the year to May, according to a report by Robert A. Stanger & Co. The amount already accounts for more than half of the $76.2 billion in alternative fundraising achieved in 2023 and puts asset managers on pace to match or exceed 2022's…

A last life of Allianz survey found that more Americans see inflation as the biggest threat to their retirement than any other money concern, but advisers, on average, are three times less likely to worry about inflation than their clients. If inflation is unchecked, it can be one of the biggest destroyers of financial wealth…

For decades, the pension industry within the plan has said, “the time is now – things have changed.” However, there has been precious little buy-in from defined contribution plan sponsors, participants, record keepers and advisors. At the last meeting of 4th Annual RPA Retirement Income Roundtable and Think TankCIOs and product managers from aggregators, registrars…

Fidelis Capital, a registered investment advisory firm based in Tampa launched about two years ago with $1.5 billion in assets under advisement, has hired Douglas Rothermich as a partner and wealth strategist. Rothermich took some time off from the wealth management industry to reach a non-solicitation agreement, but before that, he spent more than 20…

The Tax Cuts and Jobs Act of 2017 expires at the end of 2025, requiring both taxpayers and preparers to prepare for significant tax changes. The expiration of these provisions will result in higher tax rates, fewer deductions and increased tax liabilities for many individuals. The debate over making permanent the provisions of the Tax…

As more advisors recognize the value of holistic planning in better service and, perhaps most importantly, stronger client relationships, the so-called 'family office experience' has become the industry's new white whale. In recognition of advisors' desire to provide a more comprehensive service, the wealth planning platform Wealth.com launched its new 'Family Office Suite' on Friday….

Russell Investments, a Seattle-based investment manager and OCIO, has launched eight new separately managed fixed income and multi-asset accounts. The firm's product portfolio now includes four portfolios of fixed income securities packaged as municipal and treasury grades. (Layered strategies typically include a selection of bonds with different maturity dates to provide diversification.) Connected: Morningstar Wealth…

KKR is not new to private wealth, said Doug Krupa, managing director and head of global wealth solutions at KKR, at the Pershing Insite conference. He said the firm has been in the private equity market for the past 15 years. What's new is that the company has built a suite of products across all…