The first $1 trillion RIA is coming, according to Bernie Clark, outgoing head of Schwab Advisor Services. During a presentation at Schwab's inaugural Institutional Investor Day, Clark said the benchmark may not be reached “tomorrow.” However, it would be too soon, especially with the continued consolidation in the space. Connected: Bernie Clark of Schwab to…

In recent weeks we've seen SEC fines, changes in executive leadership at several firms and the use of new technology, so let's dig into some of the top headlines in Word's May on WealthTech to see what this means for counselors. Arch is developing a reputation among advisors for great, consistent innovation beyond the traditional…

La Jolla, California-based AlphaCore Wealth Advisory has put new cash flow from Constellation Wealth Capital on hiring new talent. The firm, with $2.8 billion in assets under management and about 1,200 clients, announced Wednesday that it hired Aidan Walsh as head of corporate development. He comes from Focus Financial Partners, where he served as a…

While the Republicans in Congress discuss raising the retirement age and the debate continues the future of Social Securitya new report finds that half of American adults aged 61 to 65 have already retired. The Alliance for Lifetime Income report also shows that 28% of those same retirees are still providing financial support for grown…

Pilot Financial, a large network of 105 advisors with $4.6 billion in assets under management, has moved its advisory and brokerage business to LPL Financial from Lincoln Financial. This follows the sale of Lincoln's $115 billion wealth business to Osaic, who closed earlier this month. Pilot, based in Greensboro, NC, was founded in 2001 through…

Alternative investment platform Alto has launched a program that will give investors access to several alternative investment funds available through its registered broker/subsidiary, Alto Securities LLC. The funds represent what Alto Securities CEO Scott Harrigan calls “historically difficult-to-access private investments.” Called Alto Marketplace and initially aimed at investors with accredited status, qualified buyers and qualified…

A recent survey from Dentons, The evolving risk landscape for family offices, reveals gaps in family office risk management. It also finds that many family offices continue to underestimate the potential threats to their firms. The report assessed the current risk landscape for family offices and found that only a small majority carry out risk…

WealthManagement.com's David Bodamer sits down with Doug Huber, vice president of investment strategy at Wealth Enhancement Group, to dig into how RIAs approach private market strategies amid the continued evolution of alternative investments. Doug focuses on: What is the trend of democratization of alternative investments and increased access of investors How education plays…

Many advisers are struggling to get firm leaders to accept the need for more diversity, but making the “business case” can drive Diversity Equity Inclusion & Belonging initiatives forward, according to participants in the Wealth Management think tank EDGE on DEIB issues in the industry. “It's definitely not a sprint; it takes time,” said Aiysha…

The approval process for Ethereum spot ETFs is running into several hurdles, FX Empire reports. Mergers & Acquisitions examines the advantages and disadvantages of long-term versus secondary funds. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | May 20, 2024 Source link