Wealth Building

Which debts should you pay off first – credit cards or student loans?

house » Student loan refinancing » Which debts should you pay off first – credit cards or student loans? Having more than one type of debt is common, and this is especially true after you graduate college and start your first “real job.” You may have credit card debt, an auto loan, and a mortgage…

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Vista Equity hires KKR's Parant to further boost private equity

(Bloomberg) — Vista Equity Partners has hired Dan Parant as the global head of its private wealth solutions business as it pushes to expand further into the world of private technology investments. Connected: Private equity returns sink to global financial crisis levels According to a statement reviewed by Bloomberg News, the buying firm, known for…

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Goldman raises CEO Solomon's pay 24% after profit falls 24%

(Bloomberg) — Goldman Sachs Group Inc . boosted David Solomon's compensation by 24% to $31 million for a year when revenue fell at the Wall Street giant. The board raised the chief executive's pay as profit fell 24% and the firm spent much of the year plugging internal fissures and nudging investors on a streamlined…

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RIA roundup: Piktori, Smith & Amberg joins Prospera for $650 million

Prospera Financial Services picked up four advisers and $650 million in assets in California's San Bernardino Valley, and Berger Financial Group hit $2 billion and established a presence in Illinois with its 18th acquisition. In Annapolis, a $625 million firm spun off a four-person team to create Curio Wealth. Steward Partners also announced it was…

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TIAA-CREF Settles SEC Charges for $2.2M for Reg BI Violations

TIAA-CREF Individual and Institutional Services (TC Services) will pay more than $2.2 million to settle SEC charges that it violated the Best Interest Rule when it recommended that clients open a retirement account TIAA Individual. Within the IRA, clients can invest in both a pre-selected “core menu” of related investments and a wider selection of…

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6 Ways to Help Your Child Build Credit During College

College students already have a lot on their plate, including the need to study to get good grades, participate in any number of campus activities, and potentially work part-time to make some money. That said, college students should also focus on their financial future, including steps they can take to build credit before entering the…

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Snowden Lane team sets out to launch RIA in Florida

Advisors Thomas Boyd and James Richard have left Snowden Lane Partners to start their own registered investment advisor, Coral Reef Advisors, in Ponte Vedra Beach, Fla., according to public filings. The pair established the first Snowden Lane location in Chicago when they joined the employee partnership model at the end of 2019 from JP Morgan,…

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