(Bloomberg Opinion) — If you are among 56% of American workers with a retirement plan, I have some bad news for you: Your 401(k) will be gone in 10 years, tops. Not the money, thank goodness – Americans have trillions of dollars in these accounts and there's an entire industry built around it – but…

With popularity comes criticism, and this is certainly true of donor-advised funds. But don't turn your clients away from one of the most effective tools for charitable giving because of regulatory uncertainty. There is a long road ahead as lawmakers and regulators try to understand the reality of DAF and distinguish fact from fiction. In…

What makes succession planning so challenging? There are no easy answers or forms to fill out. The TV series Legacy it has certainly made business transition a sexier topic. On top of that fictional story of a family power struggle to take control of a family business, media coverage is filled with real-life examples of…

After a year of strong relative performance for global listed infrastructure in 2022, infrastructure underperformed in 2023 in a stock market powered by a handful of tech names. Stronger-than-expected global growth and falling inflation dampened the appeal of the more defensive qualities of infrastructure, which investors are discounting in the current macroeconomic environment, in our…

As advisors constantly look for growth and ways to deliver more of their value to more clients, retirement and workplace benefits have emerged as a way to do so—and a major opportunity. Financial advisors will benefit from new technologies in the retirement market—including those that minimize reliability concerns and plan service challenges—making it easier to…

A $700 million California-based advisory team is leaving Royal Alliance, one of Osaic's broker/dealer subsidiaries, for Stratos Wealth Partners, a $20.2 billion office of LPL Financial's supervisory jurisdiction. It's the latest of several departures from Osaic this month. Pettinelli Financial Partners is based in Redwood City, California, and includes Dennis Pettinelli and his son, Jon…

Kingswood Acquisition Corp., the special-purpose buyout company sponsored by major shareholders in British wealth management firm Kingswood Group and a sister company of Kingswood US, said shareholders voted to approve another extension to complete its merger with broker/dealer Wentworth Management Services aggregate. according to a recent SEC filing. The SPAC had a deadline of February…

AlTi Tiedemann Global, a publicly traded international wealth management and alternative investment corporation with approximately $68 billion in assets across its subsidiaries, is receiving $450 million in growth capital from Allianz and Karl Heckenberg's new investment firm Constellation Wealth Capital. Allianz X, an arm of European holding company Allianz SE that buys parts of new…

Contrary to what many advisors believe, switching from one firm or model to another does not happen overnight. Ensuring a transition is accomplished with the least amount of disruption, the highest level of portability, and the greatest success requires a good amount of planning—for advisors and teams at all levels. Of course, there are several…

Mercer Global Advisors, one of the largest and fastest-growing registered investment advisors in the country with $56 billion in assets, has hired Gün Keresteci as CFO. He joins from McKinsey & Company, where he was global head of finance. Keresteci replaces Michael Henry, who has moved to the role of vice president of M&A finance….