Advisers express the need to regularly review a client's financial plan to ensure that the portfolio is heading in the right direction, to confirm that the client's goals have not changed, and to see if adjustments are needed to the rate of spending, saving or investing. Ironically, it seems few advisors listen to their own…

Don't hold your breath for alternative investments, such as private equity or creditto appear in 401(k) plans. According to the April edition of Cerulli Edge: Monthly US Product Trends According to consulting firm Cerulli Associates, higher fees, lower transparency and less certain outcomes for these asset classes make defined contribution plan managers reluctant to include…

The Internal Revenue Service has launched a new program to help taxpayers resolve tax disputes earlier and more efficiently. The initiative of the Office of Alternative Dispute Resolution Program Management will collaborate with the agency's Operating Business Divisions to promote alternative dispute resolution and improve the overall functionality of the IRS and the way it…

Eton Advisors, a Chapel Hill, NC-based registered investment advisor with almost $2 billion in client assets, has hired Brian Hughes as president. Most recently, Hughes was founder and president of Hughes Growth Strategies, a consultancy for wealth management firms. In the new role, Hughes will be responsible for Eton's client strategy, growth and development of…

In late April, asset manager PGIM filed a request with the SEC for free relief to offer existing mutual fund shares in the form of ETFs. PGIM joins several other asset managers, including Fidelity InvestmentsMorgan Stanley Investment Management and Dimensional Fund Advisors, seeking permission to offer this dual equity asset class. According to its website,…

LPL Financial has closed its first deal to acquire an outside counsel practice under its liquidity and continuity program, executives announced during the first quarter of 2024. Independent broker/dealer opened the purchase model for outside counsel last fall. An LPL spokeswoman declined to name the outside counsel. Connected: LPL's deal with Atria reinforces the power…

In today's financial environment, wealth management is as crucial and complex an area as ever, requiring an integrated blend of modern knowledge and ethically principled practice. As client needs and expectations evolve, the demand for equally sophisticated financial advisory services increases accordingly. This makes the role of professional certifications, such as the Certified Investment Management…

For many individuals, ensuring that the family business remains solvent is of utmost importance. Depending on the family enterprise, loans may be required between family members during turbulent financial times to keep the company afloat. In a decision issued on April 1, 2024, the U.S. Court of Appeals for the Ninth Circuit affirmed a Tax…

Hello and welcome to this week's edition of 401k Real Talk. This is WealthManagement.com's Fred Barstein Omnichannel RPA Contributing Editor & CEO at TRAU, TPSU & 401kTV – I Review everything from the past week's stories and pick out the most relevant and interesting ones offering an open honest and frank discussion that you wouldn't…

Open, frank and honest discussion about the DOL fiduciary rule, RIA M&A, the Callan study, 401GO funding and more. Source link