Vib Arya, chief operating officer of Shufro Rose, said at WealthStack, part of Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla., that he centers the 86-year-old company's technology stack around the idea that automation removes friction. “We have multi-generational relationships that are so precious to us,” he said. “We want advisors…

Asset managers have focused too much on providing highly ESG-rated products while ignoring investments that combine socially and environmentally responsible practices with delivering alpha returns, according to speakers Tuesday at Inside ETFs+, part of Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach. , Fla. Today, the global impact investing market is valued…

Despite the rush of potential sellers in the RIA M&A space, valuations remain high as private equity firms continue to enter the space. “Private equity has entered the conversation,” according to Jessica Polito, founder of Turkey Hill Management, which provides M&A advice to sell-side wealth management firms. Connected: RIA Edge Live Blog: Sales Growth Polito…

The second full day of Wealth Management EDGE got spicy, with a Hot Ones-inspired conversation between Michael Kitces and Jason Pereira, panels with PE firms and more. Wealth Management EDGE was on fire Wednesday — at least the lips and mouths of Michael Kitce and Jason Pereira — as they collapsed into about two dozen…

Consolidation among the most prominent players in the RIA space is “highly likely,” according to a managing director for private equity firm LightYear Capital. Max Rakhlin said the return on dollars that aggregators spend on finding smaller subsidiaries still makes it an attractive route for the industry's top firms. But these circumstances will not last…

When using model portfolios, keeping it simple often yields the best results, said speakers at Inside ETFs+, part of Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla. Advisor adoption of actively managed portfolios will continue to grow for some time because the products simplify advisors' lives, noted John Davi, CEO and…

Whether creating or editing images, video, audio or email, advisors can use AI to improve efficiency and free up time to work with clients. Source link

Produced by In partnership with or The latest study conducted by Wealth Management IQ, in partnership with United Planners Financial Services, reveals high levels of satisfaction and ripe areas for improvement in financial services partnerships. Advisors express satisfaction but express concerns about technology support, cyber security and succession planning. Some of the key findings include:…

Earlier this month, the U.S. Court of Appeals for the District of Columbia Circuit issued a ruling in Farhy against the Commissioner, No. 23-1179 (May 3, 2024), reversing the decision of the Tax Court which held that the Internal Revenue Service could not assess penalties under Internal Revenue Code section 6038(b) for failure to file…

As the Internal Revenue Service continues to crack down on U.S. taxpayers who fail to report foreign-source income, a recent case illustrates the inherent reporting difficulties faced by individuals with foreign trusts. IN Geiger v. US, heirs to an estate are preparing to fight a $15 million tax bill stemming from the misclassification of a…