Kestra has added a team of five advisors in Zanesville, Ohio, to its Private Wealth Services division. Attain Wealth Partners joins from Merrill Lynch, where they managed $500 million in client assets. The firm was co-founded by Shakir Kaka and David Weinberg and includes wealth advisors Bridget Tetak, Ross Weinberg, Sierra Brown and Nazneen Kaka,…

Over the next few years, a record number of Americans will reach the maximum retirement age (65) – approximately 11,000 per day between 2024-2027. Many will face the challenge of inflation, market volatility and the longevity of their funds. Calamos created structured hedge ETFs to overcome these retirement threats, provide upside potential up to a…

The Orlando Museum of Art recently received a generous $1.8 million bequest from the estate of Margaret Young, an artist herself who grew up taking art classes there. But while the clouds appeared to be finally clearing for the museum, which has seen better days since its 2022 fake Basquiat controversy, its decision to seek…

Raymond James is recruiting advisors from Merrill Lynch and Morgan Stanley to open its first employee advisor channel office in Anchorage, Alaska. Keith Green will join Raymond James' employee advisor channel from Morgan Stanley, where he managed more than $290 million in assets, while Jon Coon is making the move from Merrill Lynch, where he…

Brazilian Finance Minister Fernando Haddad recently introduced a proposal calling for a 2% annual tax on the ultra-rich. Hadad said that it would involve taxing about 3,000 individuals in plans that hold about $15 trillion in wealth and pay very little tax. Other members of the Group of 20 have supported the proposal, including Haddad's…

When I think of the life insurance discourse, I think of the days when there were essentially only two types of permanent life insurance products on the playing field. One was whole life (WL), often mixed with term insurance in something creatively described as a “whole life/term mix”. The other was the actual universal life…

Cohen & Steers Inc., an investment manager specializing in real assets and alternative income, has appointed Daniel Noonan to lead its efforts to increase its distribution in the wealth space. Noonan joins Cohen & Steers as executive vice president and head of the firm's wealth management advisory group. Noonan will lead teams focused on the…

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, providing an open and honest discussion that you wouldn't get…

Envestnet announced today that it will work closely with four of the world's largest asset managers deepening the levels of customization that can be achieved in building investment portfolios on its platform. The four firms—BlackRock, Fidelity Investments, Franklin Templeton and State Street Global Advisors—will be the first among more than 800 asset managers that Envestnet…

Envestnet announced today that it will work closely with four of the world's largest asset managers deepening the levels of customization that can be achieved in building investment portfolios on its platform. The four firms—BlackRock, Fidelity Investments, Franklin Templeton and State Street Global Advisors—will be the first among more than 800 asset managers that Envestnet…