The 401(k) industry is under attack again. This time from labor economist, Bloomberg columnist and, yes, TikTok star Kathryn Edwards in a recent webinar hosted by the National Institute for Retirement Security, who joins Alicia Munnell of Boston College, Teresa Ghilarducci of the New School and most recently, Blackrock CEO Larry Fink. as criticism. Predictably,…

According to Narei's T-Tracker. While positive, it was well below the numbers posted in 2022 and 2021 when FFO grew 17.2% and 22.3%, respectively. The story was similar for net operating income (NOI), up 2.7%, from 11.6% and 14.3% the previous two years. Connected: Half of American households own REIT stocks Meanwhile, the FTSE Nareit…

Rob Pettman, an executive vice president and head of wealth management solutions at LPL Financial, has left the firm after 17 years, according to a post on LinkedIn.com. Friday was his last day. Pettman said he is leaving the independent broker/dealer position to pursue an opportunity at a financial technology company, “where I will apply…

A Florida-based brokerage firm will pay $500,000 to settle Financial Industry Regulatory Authority allegations that it failed to retain more than 10,000 business-related text messages over 10 years. The settlement is against Dawson James Securities, a broker/dealer in Boca Raton, Fla., with three branches and about 35 registered representatives, according to FINRA. The firm mainly…

Better estate planning meets the goals of two constituencies: The planning generation (customers); AND The generation(s) that will benefit from it (beneficiaries). Clients must make the final decisions about where and how to transfer assets. However, they can often achieve better results if their estate planning meets the goals of their beneficiaries….

This new law, which came into effect on January 1, 2024, was enacted to help prevent and combat money laundering, terrorist financing, corruption, tax fraud and other illegal activities. It requires corporations, limited liability companies and other filing entities to register and disclose information about owners, officers and controlling persons to the Financial Crimes Enforcement…

Jim Cahn of the Wealth Enhancement Group has a new title. WEG announced Monday that Cahn, the firm's well-known chief investment and business development officer, has been named chief strategy officer and chief investment officer. He will oversee two recent hires: a new chief investment officer from BlackRock and a former Empower executive in the…

Sponsored by When high-net-worth investors seek a financial advisor, research shows that they don't prioritize performance or exceeding benchmarks as much as advisors might think. Thomas KR Wilson, CFA and executive vice president of Wealth Advisory at Orionshares what attributes affluent clients are looking for, such as holistic wealth planning, and how advisors can provide…

Based on three-year returns as of 3/28/2024 $5 million minimum in net assets, excludes leveraged and inverse ETFs. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired…

With massive seismic changes impacting the wealth management industry in the next decade, financial advisors must prepare to not only survive, but thrive. The transfer of wealth to the next generation coupled with rapid advances in technology will forever change the way advisors find and serve their clients. Find out from two leading women in…