Wealth Building

How to introduce Crypto to customers

With Bitcoin approaching $100,000, many of your customers may be wondering if they should add cryptocurrency to their wallets. Some may be angry that they have stood on the sidelines for so long while cryptocurrencies like Bitcoin have gained 100% this year (over 30% since the presidential election) and approx 1,100% during the last five…

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Diamond Podcast: UBS Computer Plan Changes and Impact on Advisors

On November 21, UBS Wealth Management announced sweeping changes to its advisor compensation plan. As consultants to financial advisors, our role is to provide guidance on anything that could potentially affect their ability to optimally serve clients and grow their businesses. The purpose of this episode is to take a step back and provide UBS…

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America's 30 Safest and Richest Retirement Cities

Florida, home of the countryside, long considered the gold standard for places to spend your golden years, no longer sits on that throne. Far from it, actually. GOBanking rates recently determined the safest and wealthiest cities for retirees analyzing data from the US Census' American Community Survey, Sperling's Best Places, and the Bureau of Labor…

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401(k) Episode 131: November 27, 2024

Open, honest, and candid discussion about DOL's AI guidance, the agency's practice of sharing information with plaintiff's attorneys, data keeper consolidation that helps RPAs grow, and more. Source link

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Top 20 Evergreen Investment Fundraisers in 2024

Fundraising for alternative assets offered to retail investors has been on the rise and asset managers have been busy launching a slew of new products seemingly on a daily basis. The world of evergreen investments includes interval funds, tender offer funds, non-traded REITs and business development companies. Some bands trace that universe to some extent….

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The gold rush in private markets needs greater scrutiny

Would the gold rush of the mid-nineteenth century, when only a handful of the 300,000 people who flocked to California became billionaires, have turned out differently if the fortune seekers had retained financial advisers? We'll never know, but it's safe to say that financial advisors have a big role to play in ensuring that the…

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Kate Moore joins Citi Wealth as CIO from BlackRock

Kate Moore is Citi Wealth's new chief investment officer, according to a letter from Chief Wealth Officer Andy Sieg to Citi Wealth employees. She joins from BlackRock and will start in the new role in February. According to Sieg, Moore will have “broad responsibilities” at the firm, including leading the development and delivery of independent…

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FINRA says it's here to stay

While FINRA decides whether to appeal a district court panel's ruling that it cannot speedily deport representatives without SEC oversight, the regulator believes it can “implement measures” to comply with the judges' requests, according to a FINRA spokesman. The self-regulatory organization said in a statement Tuesday that a three-judge panel's decision last week to require…

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The range raises another $28 million

Range, a wealth management platform for consumers, has raised another $28 million in funding. This round, a Series B, follows The startup's $12 million Series A raise in May 2023. Related: Range to replace financial advisors with AI. Where have I heard this before? This first step was led by Google's AI-focused venture fund, Gradient…

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10 must-read investments for this week (November 26, 2024)

Morningstar released its 2025 investment outlook for financial advisors. Morgan Stanley has sought to add employees of startup companies as wealth management clients in anticipation of future IPOs, Inc. reports. These are among the investment must-reads we've found this week for wealth advisors. Source link

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