Front Street Capital Management, a registered investment adviser based in Missoula, Mont. with more than $600 million in assets under management, has moved from Schwab to SEI for custody and technology. Front Street was founded in 2006 by Russ Piazza, Chief Investment Officer, and Michele Blood, Chief Operating Officer. The firm specializes in ESG investments…

(Bloomberg) — One of the last remaining hurdles in the $14 trillion global exchange-traded fund industry is weighing whether to finally merge. Baron Capital, which focuses on traditional mutual funds, has not made a decision. But it is increasing the tax advantages and trading capabilities of ETFs. Known for it early bets above Elon Musk…

MAG Wealth Management, a registered investment advisor based in Paynesville, Minn. and Carson Group partner, has acquired Ovation Wealth Advisors, a Minneapolis RIA. In connection with the deal, Carson Group has taken a 30% stake in the combined firm, which will become the first Carson Wealth brand location in the state of Minnesota. The combined…

All advisors, whether they are happy where they are, considering a move or are in the process of doing so, would be wise to agree on questions like: How much is my book worth? How portable is my book? How will this firm help me increase the bottom line of my business…

Artificial intelligence (AI) is transforming professional practices by improving productivity, improving document management and streamlining administrative tasks. In high-stakes fields like law, tax and finance, AI bots are being adapted as powerful in-house tools for professionals, but they can also be created as direct applications with clients. I have created a “Craigbot” that is designed…

Open, candid, and honest discussion about auto features, state mandates, RIA aggregators, 401(k) plan altos and more. Source link

Five alternative strategies businesses should consider for the death of a shareholder. Source link

An added level of protection and clarity may be needed. Source link

When the fiduciary and beneficiary do not commit to each other, it can create disputes that lead to litigation. Source link

Inquiries into the governing law of a trust may seem straightforward at first, with the closing paragraph of the trust document appearing to hold the final answer. However, this seemingly simple question reveals a nuanced complexity. A single trust can be subject to up to three different areas of governing law: validity, construction, and administration….