As leading 401(k) record keepers gathered in Washington, DC, June 4-5 for the sixth annual RPA Record Keeper Roundtable and Think Tank during the SPARK/DCIIA Public Policy Forum, Mark Alley at Alerus said “The 401(k) industry k) is entering a second golden age, but needs to overcome problems with scale and implementation.” Like all the…

IN Connelly v. United States, 602 US _____ (2024), the US Supreme Court addressed the narrow question of whether a corporation's obligation to redeem a decedent's stock at fair market value offsets the value of life insurance proceeds received by the corporation in a policy on the life of the decedent when this income is…

Jump, a startup that has built an AI assistant for financial advisors, announced on Monday a $4.6 million funding round led by Sorenson Ventures. Pelion Venture Partners also participated in the round, as well as several strategic angel investors. Connected: Fast-paced communication-focused generative AI for advisors The company's AI assistant enables advisers to record client…

Sponsored byFinancial advisors face a significant opportunity and challenge with estate planning, a critical component of holistic wealth management. However, many advisors lack the necessary tools. Danny Lohrfink, co-founder and chief product officer, of Wealth.com discusses how their platform addresses this gap. Studies show a discrepancy: 93% of clients expect estate planning guidance, but only…

Sponsored by By Billy Hwan, Portfolio Manager, Parnassus Value Equity, Senior Analyst and Krishna Chintalapalli, Portfolio Manager, Parnassus Value Equity, Senior Analyst It's a good problem to have when you have enough money available at the end of the month to choose how to use it. Should you invest for the future? Or get a…

AI firm YourStake has agreed to provide API integrations for custodian Apex Fintech Solutions. The first such API will be YourStake's Document in Wallet, which aims to allow users to upload images or PDF files of account statements from brokerages and banks. Once scanned using AI, YourStake will then digitize this information. Connected: Ten to…

Sponsored byFinancial advisors face a significant opportunity and challenge with estate planning, a critical component of holistic wealth management. However, many advisors lack the necessary tools. Danny Lerfling, co-founder and chief product officer, of Wealth.com discusses how their platform addresses this gap. Studies show a discrepancy: 93% of clients expect estate planning guidance, but only…

Fifth Circuit Court of Appeals decision to overturn SECs Private Fund Adviser Rules, including the requirement for strict quarterly reporting, was met with criticism from some parts of the financial services industry. If passed, the rules would have required registered advisers offering private funds to clients to provide greater transparency on their fee structures and…

I am a 32 year veteran of the financial services industry. I spent 25 years at TIAA, 22 of them building and managing their independent advisor distribution channel. I worked with firms like StraightLine Group. In 2022, I left corporate America and started my own consulting business. One of the first firms I worked with…

From new ways to manage your 401(k) to the launch of a subscription-based RIA, we've seen a lot of interesting innovations come to light in wealth management this month. Here are the five headlines that caught our eye for June's Word on WealthTech. With this collaboration, more than 2,400 Stifel advisors will be able to…