The change review process is complex. For those deciding to make a move, there's a whole new set of considerations and potential complications—especially in the regulation-heavy, compliance-driven world in which advisors now live. The good news is that there are highly experienced securities law attorneys and advisor transitions who live and breathe this world. They…

As the financial services sector finds itself in the midst of another paradigm shift within the industry, it's no secret that the RIA space is entering a transformative era to keep up with market demands. As the firms of the future prepare to adapt to an ever-changing environment, traditional recruitment tools are no longer the…

(Bloomberg) — Wells Fargo & Co fired more than a dozen employees last month after investigating allegations they faked work. The employees, all in the firm's wealth and investment management unit, “were dismissed following an investigation into claims that involved simulating keyboard activity giving the impression of active work,” according to statements filed with the…

Most registered investment advisory firms are constantly in recruiting mode. Once they find that great “fit” in a new advisor and reach an agreement that works for both parties, it's time to break out the champagne and cigars. Or is she? This period is often when the proverbial ball drops and the resulting problems can…

(Bloomberg) — PGIM is looking to grow its private market assets by more than 50% to $500 billion in the next five years, with a big push into private credit through acquisitions. The New Jersey-based money manager is evaluating options to buy asset-backed financial firms with particularly strong origination capabilities, Eric Adler, chief executive of…

Fidelity Investments and Envestnet have unveiled several new and upcoming enhancements to the Fidelity Managed Account Xchange (FMAX) platform. FMAX now includes tax management for model portfolios, including Fidelity Custom Models. Additionally, a scaled-down version of the platform, FMAX Essentials, is slated for launch later this year and is targeted at small and medium-sized firms….

After a relatively quiet April, asset managers picked up the pace of launches in May with 50 new funds entering the market. Source link

Staying the course and not deviating from existing strategic asset allocations is the best plan for RIAs and retail investors in the current market, according to Sebastien Page, head of global multi-asset and CIO of T. Rowe Price. Page said this during a discussion of a recent Schwab Asset Management sentiment survey of retail investors…

As a Medicare expert with over three decades of experience, I have worked closely with countless individuals, families and professionals navigating the complexities of Medicare. A recurring issue I've identified is the gap in understanding that many financial and estate planners have regarding Medicare costs and how they affect their clients' overall planning strategies. This…

You might want to revisit if you're still skeptical about cryptocurrency or its ability to do something positive for society. I am aware of one charity that has a crypto gift of nearly $900 million – with several similar gifts in the pipeline. Increasingly, charities are viewing crypto gifts as gifts of low-basis assets that…