(Bloomberg) — Breaking into the top 1% of U.S. wealth is getting harder. It now takes at least $5.8 billion to join the richest echelon in the world's biggest economy, almost 15% more than about 12 months ago, according to research by Knight Frank. Connected: Where the world's richest 1% are gaining wealth faster Monaco…

Edelman Financial Engines is facing a series of lawsuits from former advisers trying to break free from what they consider “unenforceable” agreements that restrict their activities after leaving the firm. But Edelman disputed that in a response to one of the lawsuits, accusing the adviser of “flagrant breach of contract.” Connected: Court grants approval to…

Nesvold says she will certainly use her M&A knowledge, but also play a bigger role in connecting the dots between Emigrant's businesses — with the high-net-worth individual at the center of it all. Source link

Wealthtech company Orion Advisor Solutions has expanded its partnership with DPL Financial Partners, an insurance management platform for registered investment advisers, to offer direct access to DPL's commission-free pension market, Product Discovery Tools and team its licensed insurance consultants. New to the integration is a single sign-on and full direct access for fee-based advisors using…

(Bloomberg) — The amount of 401(k) millionaires is within striking distance of an all-time high. The number of seven-figure 401(k) accounts at Fidelity Investments rose 20% in the final quarter of 2023 to 422,000, marking a sharp recovery from the previous quarter's 7.7% decline. published analysis from Fidelity Tuesday shows. Connected: 401(k) Real Talk Episode…

Hello and welcome to this week's edition of 401k Real Talk. This is Fred Barstein Contributing Editor at WealthManagement.com's RPA Edge and 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…

The filing requirements of the Corporate Transparency Act (CTA) came into effect on 1 January 2024, so all practitioners must now address the CTA.1 Whether practitioners will handle the files, or try not to, they may be inundated with inquiries from clients. While there are many articles summarizing the CTA and the regulations that the…

This article is the second in a series considering the downsides of trust dead-hand control in trust planning. In the first article, we addressed the challenges and limitations of traditional trust planning.1 We will now address the downsides of the relatively new phenomenon colloquially referred to as “silent beliefs” or “quiet beliefs.” Source link