Allspring Global Investments, an asset manager with $570 billion in assets under advisement, will begin offering active ETFs. The firm currently manages $423 billion in fixed income and money market assets, $135 billion in equity assets and $12 billion in multi assets. “We believe the active ETF industry will continue to evolve and we are…

Fossil fuels and nuclear power are likely to play a vital role in the clean energy transition. Renewable energy, such as solar and wind, face limitations that may limit their ability to fully replace fossil fuels. As demand may be greater than anticipated, companies in the fossil fuel and nuclear power ecosystems may offer individuals…

On June 20, the US Supreme Court issued its decision in Moore v. United States, upholding the constitutionality of the Mandatory Repatriation Tax under the Tax Cuts and Jobs Act of 2017. The Moore decision is one high net worth individuals and their advisors do not want to ignore. If nothing else, the decision reaffirms…

Schwab's upcoming technology updates aim to improve advisor-client experiences. Source link

Philanthropy often remains an overlooked aspect of wealth planning, which traditionally focuses on wealth accumulation rather than distribution. But high-net-worth individuals and families increasingly understand that their financial legacy extends beyond the accumulation of assets. This growing interest in philanthropy calls for a more integrated approach to planning, where giving is strategically aligned with overall…

I am a CPA. I started my firm in 2010. I always wanted to add financial planning and wealth management when the time was right. We have expanded tremendously since then. We started with about $4 million in AUM in 2016. We now manage about $130 million. Hopefully, we can maintain that trajectory. CRM /…

AssetMark is acquiring $12 billion in assets by taking over the Morningstar Wealth Asset Management Platform, the companies announced Thursday. Morningstar Wealth will join the AssetMark platform as a third-party strategist, offering advisors model portfolios and separately managed accounts managed by Morningstar. Connected: Morningstar Wealth Adds SMAs to US Wealth Platform After the transaction closes…

Data mining and artificial intelligence are two major trends shaping the industry, according to Mark Evans, president and CEO of Conquest Planning. As for data collection, Evans said his firm's system is built with an open API that allows it to bring in data and push it into other systems, such as a CRM, so…

(Bloomberg) — The U.S. Supreme Court upheld a 2017 tax on the foreign profits of U.S.-owned businesses, rejecting an appeal that could have saved companies hundreds of billions of dollars. VOTING 7-2, the justices said Congress has the constitutional power to tax people and companies on their share of retained earnings of corporations, at least…

(Bloomberg) — With a rush of individuals exploring alternative assets for the first time, a platform dedicated to that space is cutting fees it says affect portfolio performance for such investments. Connected: CAIS adds several Blackstone funds to its marketplace CAIS, which works with more than 34,000 financial advisers, is cutting fees as low as…