Sophisticated scams and scams on the Internet are growing alarmingly in our country, so much so New York Times there is a whole series, Fraudulent savingsdedicated to her. We're also in the midst of giving season and International Fraud Awareness Week, so sharing some of these stories and tips to protect yourself and your customers…

For the purposes of a story, let's assume that I heard from an investment advisor who read my article, “Choosing an advisor: Generate life insurance premiums or assets under management. The advisor told me that their firm identified with many of the points in the article fighting against offering permanent life insurance to their clients….

When most people think of Delaware, they think of corporate headquarters and the potential new residence of President Joe Biden. But lost amid the pre-election news cycle this fall was another big development from the nation's second-smallest state. Governor John C. Carney recently signed the Trusts Act of 2024 into law, which was a watershed…

What would you do if your client called to ask about a mutual fund that is predicted to underperform similar funds by 3%? How would you react? How would this interaction affect your relationship with the customer? According to a report by American Century Investments, approx 40% of American investors say they will forgo some…

Many investors remain overly tied to indices, leaving them underexposed to the real leaders driving transformative economic change, such as the energy transition, artificial intelligence and supply chain reinvention. By staying nimble and responsive to new developments, active managers can unlock the highest possible returns within these rapidly emerging megatrends. Join TCW portfolio managers Eli…

(Bloomberg) — Archegos Capital Management founder Bill Hwang was ordered to serve 18 years in prison for fraud and market manipulation related to the stunning $36 billion collapse of his family office in 2021, ending a case that hit Wall Street. Hwang, 60, was sentenced Wednesday by U.S. District Judge Alvin Hellerstein in New York….

An advisory team from Osaic is landing at LPL Financial, the latest in a series of similar transitions, while another Osaic team left this week for MassMutual. The $350 million Ohio-based Strata Financial Group includes partners Anthony Campagni, Ronald Jurczynski and Mitchell Romeo, as well as financial advisors Kyle Hancharick and Dominic Elmo. Support staff…

For the first time in 17 years, and just in time for “Super Bowl of Taxes”, Senate Republicans will have a new leader in Sen. John Thune (RS.D.). Thune won the support of his colleagues last week after Sen. Mitch McConnell (R-Ky.) stepped down as party chairman. It's hard to imagine a lawmaker better prepared…

(Bloomberg) — Nouriel Roubini is using Donald Trump's inflation-threatening policy agenda to make a case for an alternative haven trade to Treasuries in a world of high volatility. The economist, who built his reputation on correctly predicting disaster before the 2008 financial crisis, said the popular 60/40 portfolio is bracing itself for pain once again…

As the wealth management industry evolves, mid-sized firms must actively participate in consolidation activity, transforming the space and seeking strategic opportunities to add scale and talent to ensure future success. From a vendor perspective, financial advisors may want to consider a mid-sized firm that has a similar service mindset, core value set and culture that…