Wealth Building

RIA Summary: Advisory Services Network Adds Florida, Kentucky Teams

Advisory Services Network, which rounded out $7 billion in assets in 2024, just added two more teams, while Avantax picked up a pair in Texas and SageView Advisory Group expanded its leadership team. In the news reported earlier, Kestra accumulated a $600m firm in NYC, a CPA firm in California GOING is a wealth management…

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Indiana councilman sentenced to four years in prison for stealing $4.6 million

An Indiana-based investment adviser will spend four years in prison after pleading guilty to embezzling $4.6 million from a client, according to the Justice Department. Christopher Turean was convicted in federal court after pleading guilty to fraud and filing false tax refund claims. From 2012 to 2022, he worked at Valeo Financial Advisors, according to…

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The threat to economic growth from rising US debt-to-GDP ratio

Empirical research has found that at moderate levels debt can improve growth, but at high levels (thresholds somewhere between 75% and 100%) it can become harmful (if the high ratio is not addressed and becomes persistent) – debt becomes drag on economic growth. (See the 2011 study “The real effects of debt“2013 study”Does high public…

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Kestra Scores $600M NYC Firm

Austin-based Kestra Financial, a Kestra Holdings company with several corporate RIAs and a broker/dealer overseeing $108 billion in collective assets, has added a New York City firm with more than $600 million in assets under management on its affiliate advisor platform. Borger Financial Services was established in 2003 by Managing Partner Elie Borger, a former…

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RIA Edge Podcast: Brent Brodeski on Savant's Growth Strategy

Sponsored by In this episode of the RIA Edge Podcast, David Armstrong, editorial director for Informa Connect's Wealth Management Group, talks with Brent Brodeski, CEO and founder of Savant, about laying a foundation for long-term success by attracting top talent good and keeping in touch with customers. ' changing expectations. Brodeski warns against the dangers…

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Former State Street, JPMorgan executives set up shop on the Mariner platform

With six decades of experience between them, former State Street Bank and JP Morgan Chase executives have launched a new wealth management practice with Mariner Advisory Network. KinneyMunro Wealth Advisors, founded by Brian Kinney and Bill Munro, includes an associate and is supported by a Mariner team with tax, retirement, trust and estate planning, investment…

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Innovative philanthropy: Beyond traditional grantmaking

In the ever-changing landscape of philanthropy, the traditional limitations of grantmaking are becoming increasingly apparent. As societal challenges become more complex, the need for innovative and impactful strategies in philanthropy has never been more urgent. This article examines innovative alternatives that are reshaping the way philanthropic goals are achieved. The New Paradigm of Philanthropy Gone…

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Larry Fink Calls on Baby Boomers to Fix 'Retirement Crisis'

(Bloomberg) — BlackRock Inc. Chief Executive Larry Fink warned of a “retirement crisis” facing the U.S. and called on baby boomers to help younger generations save enough for their future. This, he said, will prevent them from becoming disenchanted with capitalism and politics in the coming years. With people living longer but struggling to cope…

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Why structured investments are growing in popularity with advisors

Structured notes, also known as structured investments, are on the rise as financial advisors look to increase returns while also looking to mitigate risk in their clients' portfolios. Structured notes are not necessarily an asset class, but rather are unsecured debt obligations of an issuer, typically constructed from a zero-coupon bond with a package of…

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The Diamond Podcast for Financial Advisors: What HNW Clients Want

In the wealth management industry, we often talk about the mismatch between an advisor's expectations and those of their firm. But what about the customers? Are their expectations well aligned with the counselor's ability to serve them? What if you had an inside look at what products and services your customers wanted the most? Consider…

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