Osaic, one of the largest independent broker/dealer networks in operation consolidating its b/ds into a single entityhas recruited Cornerstone Advisors, a team based in Baxter, Minn. with approximately $360 million in client assets, from Cetera Investment Advisors. Cornerstone Advisors is led by founder James P. Benson II, a veteran advisor with over 30 years of…

Despite the stock market's strong performance over the past year, the looming question is how investors will adjust their portfolios in response to potential rate cuts. Michael Batnick, managing partner, Ritholtz Wealth Management, emphasizes the importance of being prepared for a world of lower cash returns and strategic reallocation of assets to avoid being caught…

Financial advisors are tasked with helping their clients achieve their financial goals in the most efficient manner. However, if their focus remains exclusively on growing assets, advisors can overlook an essential element of their clients' financial well-being: their liabilities. Siddhartha Oza, Co-CEO of Sora Finance sheds light on the critical gap between customer expectations for…

Modern Wealth Management, a registered investment advisory firm launched in early 2023 of former United Capital and Goldman Sachs executives, has acquired Beltz Ianni & Associates, a $1.2 billion RIA, and created a corporate retirement planning division. The team has shed brokerage ties with LPL Financial to join the independent RIA, which now has $3…

Open, honest and candid discussion about the flexPATH lawsuit decision, AI in DC plans, employee engagement, convergence and retirement plan advisor due diligence. Source link

The cost, complexity and cyclical nature of mergers and acquisitions put organic growth back in the spotlight for VNR. But our industry doesn't do a good job of talking about one big advantage that organic growth has: it puts advisors in the driver's seat. If you prove you can acquire new customers and increase portfolio…

Mesirow, a Chicago-based, 100% employee-owned financial services firm that oversees more than $250 billion across three major lines of business, has named Brian Price as CEO of its wealth management business. Price has served as the division's interim CEO since November 2022. Since then, Price has overseen the growth of more than $1.5 billion in…

(Bloomberg) — The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but dropped a key requirement after heavy lobbying by industry groups. The SEC voted on Wednesday to impose The climate disclosure requirements will be significantly more relaxed than those it proposed in March 2022 after…

(Bloomberg Opinion) – After Covid-19 arrived in 2020, many wealthy people left locked-down California. Elon Musk, the second richest man in the world, moved to Texas, saying Golden State had become “a little complacent, a little self-righteous.” Venture capitalist Keith Rabois headed to Miami, saying that “San Francisco is just so poorly run and managed…

Don Plaus, who 'retired' as head of Merrill Lynch Private Wealth Management a year ago, has joined Citi as head of Private Banking in North America, according to a memo from Citi Global Head of Private Bank Ida Liu. He will report to Liu and succeed Halé Behzadi, who will retire at the end of…