As investors' needs become more holistic, advisors must provide products and services to help their clients achieve all of their financial goals. This is especially true as the advisor landscape continues to grow and become more competitive. According to a Cerulli report on the US RIA market, there were over 14,000 independent RIAs managing $4.2…

A North Carolina-based adviser with about $130 million in assets under management is joining LPL Financial from Osaic. His team is the second to make the move this month. Cubby Bice is the advisor and founder of Bice Wealth Management in Mooresville, NC, and runs the firm along with his brother and office manager Matt…

(Bloomberg) — Outside the Fontainebleau Hotel in Miami, Florida last week, dozens of drones moved slowly through the night sky, projecting the Bitcoin symbol far and wide above one of the biggest ETF rallies of the year. But within the annual ExcHAnGE conference, industry insiders were fixated on an event that could prove a much…

Financial advisors see a disconnect between the economy and the stock market. January's RIA Edge Advisor Sentiment Index found that only 35% of retail financial advisors said they have a positive view of the current state of the economy. At the same time, almost double that number – 62% of advisers – said they have…

Stonebridge Financial Group, the $1.5 billion wealth management and corporate retirement services firm, has found the first advisor for its newly launched 1099 RIA platform. WhiteCliff Wealth Management CEO Robert Seiden is joining Stonebridge's new RIA, which launched in early February after preparation that began in the third quarter of last year. Connected: Triad engages…

Aaron Klein, founder and former long-time CEO of Nitrogen-formerly Riskalyze, has joined technology consultancy Ezra Group as an executive in residence. Klein, who stepped down as Nitrogen's CEO at the end of 2023, remains on the company's board of directors and also sits on the boards of Snappy Kraken and the Mountain States Policy Center….

A Florida jury awarded the estate of Texaco heiress Lavern N. Gaynor an $18 million Valentine's Day award, ruling that her failure to timely file bank and account statements foreign financial (FBAR) for three years was not intentional. Lavern inherited her late husband's Swiss bank accounts and various other offshore accounts. The government noted that…

(Bloomberg) — Goldman Sachs' Ryan O'Connor is joining New York-based exchange-traded fund provider Global X ETFs as chief executive officer, the company announced Tuesday. Connected: Spot Bitcoin ETF Race: Global X is out, Schwab may be in O'Connor was most recently global head of ETF product at Goldman Sachs Asset Management, according to a news…

Tim Oden, a former managing director of business development at Schwab Advisor Services, has joined Dynasty Financial Partners as principal in residence through 2024. Oden left Schwab late last year after more than 30 years at the company . Dynasty launched the executive-in-residence program last year as part of its Advisor-to-CEO program, which tailors content…

Ethereum prices are rising on the expectation that spot ETFs may appear in the space. According to data from Novogradac, Opportunity Zone fundraising faded in 2023. These are among the must-have investment reads we found this week for wealth advisors. WealthManagement.com Staff | February 20, 2024 Source link