This new law, which came into effect on January 1, 2024, was enacted to help prevent and combat money laundering, terrorist financing, corruption, tax fraud and other illegal activities. It requires corporations, limited liability companies and other filing entities to register and disclose information about owners, officers and controlling persons to the Financial Crimes Enforcement…

Jim Cahn of the Wealth Enhancement Group has a new title. WEG announced Monday that Cahn, the firm's well-known chief investment and business development officer, has been named chief strategy officer and chief investment officer. He will oversee two recent hires: a new chief investment officer from BlackRock and a former Empower executive in the…

Sponsored by When high-net-worth investors seek a financial advisor, research shows that they don't prioritize performance or exceeding benchmarks as much as advisors might think. Thomas KR Wilson, CFA and executive vice president of Wealth Advisory at Orionshares what attributes affluent clients are looking for, such as holistic wealth planning, and how advisors can provide…

Based on three-year returns as of 3/28/2024 $5 million minimum in net assets, excludes leveraged and inverse ETFs. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired…

With massive seismic changes impacting the wealth management industry in the next decade, financial advisors must prepare to not only survive, but thrive. The transfer of wealth to the next generation coupled with rapid advances in technology will forever change the way advisors find and serve their clients. Find out from two leading women in…

Persistent deviations from a mutual fund's Morningstar Style Box category are sometimes called “style stripping” — when a mid-cap fund starts holding bigger names or a value manager makes a habit of owning growth stocks. But there is a big difference between the meaningful change in style that results from an active manager targeting well-positioned…

In this highly engaging talk, “The Father of Trust,” Don Trone opens up about why he believes the trust framework should no longer be the cornerstone of the financial services profession. Don also gives us his take on the evolution of the loyalty framework through fascinating stories and candid answers. Source link

Fidelity has imposed a new fee of $100 on ETFs issued by nine firms to account for the cost of listing funds on its platform. Some asset managers are sounding the alarm on the booming private loan market, FundFire reports. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com |…

Morgan Stanley claimed in a lawsuit that a former adviser is soliciting former clients and siphoning off proceeds that were intended to go to the widow of a Morgan Stanley adviser. Wirehouse filed its complaint against Gregory Chevrier, who moved from Morgan Stanley to Wells Fargo last month after six years with the wirehouse. When…

Sponsored by Investors have a lot of money sitting in cash and money markets, which is great as long as interest rates stay high. However, with the market's expectation that interest rates may begin to fall later this year, download this information to learn why investing in bonds can provide a tax-efficient opportunity for higher…