The Institute of Investments & Wealth, the professional organization that administers the Certified Investment Management Analyst (CIMA), Certified Private Wealth Advisor (CPWA) and Retirement Management Advisor (RMA) certifications, has updated the CIMA curriculum and exam for the first time first since 2019. The organization has changed about 20% of the exam and learning requirements to…

In this episode of Focused on the Future, Suzanne Siracuse talks to Will Trout, director of the securities and investments practice at Datos Insights, about how technology advances are impacting our industry and why the major resurgence of alternative investments and the futures client will require personalization of advice. Specifically, Will discusses: Evolution of…

The death of Daniel Kahneman, an Israeli-American author and psychologist, got me thinking. Like me, Kahneman had deep ties to my hometown of Chicago. While we never met, I admired his Nobel Prize-winning work in behavioral economics and his explanation of the important role of psychology in financial decision-making. For example, he pioneered work involving…

The IRS has released its revenue proposals, noting its policy priorities in the area of ​​estates and gifts, many of which carry over from previous years: Changing the generation pass-through (GST) transfer rules applicable to trusts that are designated as non-pass-through persons because they include a charitable beneficiary. Implementation of rules to limit…

Founders of Precedent Wealth, a San Antonio RIA providing profit sharing to customersare being sued by the bank that owns their former firm for allegedly stealing confidential information and trade secrets while acting improperly toward illegal customers served at their former firm. Cadence Bank, which bought Linscomb & Williams in 2012, sued brothers Harold and…

FLPutnam Investment Management Company is bringing trust services in-house with an agreement to acquire New Hampshire-chartered Darwin Trust Company. Founded in 2019 by attorney John Gosselin and Melissa Sommer, a CFP and CPA, Darwin serves approximately 110 high net worth clients from offices in Arlington, Mass., and Nashua, NH Connected: RIA Edge 100: FLPutnam Investment…

A group of former United Capital advisers is taking their former employer to court over its attempt to move ongoing arbitration proceedings against those advisers outside of FINRA, arguing that “the very essence of arbitration” could be at risk. In the complaint filed in New York State Court, the nine advisers in the case take…

Cetera Financial Group has completed registration for Cetera Advisors, one of its RIAs, and merged it into Cetera Investment Advisers, according to a release. Cetera Investment Advisors will become the lead RIA for Cetera's “legacy communities.” “Through this effort, we're realizing significant cost savings, which we're reinvesting in tools and resources that will help our…

An important part of the estate planning process is establishing appropriate asset protection. When considering proper asset protection planning, the first line of defense is risk transfer, that is, the purchase of insurance. A proper insurance plan usually includes coverage for automobile, property, and business liability, among other types of insurance. As an estate planner,…

Modern wealth management came into play. after launched last spring the brainchild of a trio of Goldman Sachs executives from United Capital — Gary Roth, Mike Capelle and Jason Gordo — the firm has grown rapidly to more than $3 billion in assets under management in 10 locations through a series of PURCHASESbacked by $200…