Merit Financial Advisorsan LPL-affiliated hybrid RIA that oversees $10 billion in client assets has acquired a $542 million firm formerly affiliated with the Mariner Independent Advisor Network. Viren and Associates was founded in 2004 in Spokane, Wash., and provides financial and estate planning, 401(k) plan management and a variety of insurance services to approximately 750…

Open, honest and candid discussion about February job growth, CITs on 403b plans, Gen Z and data sharing, the annual NEPC audit and more. Source link

FLX Networks, a platform that connects asset and wealth managers, launched a new service that it hopes will increase engagement among closed-end fund issuers, wealth managers, financial advisors and investors. FLX CEF Nexus will provide financial advisors with data and education on closed-end funds, including the use of video and written thought leadership content. It…

We've long said that most financial advisors could be more proactive in selling their services. We think you should be confident in your offers and be willing to tell people about them. That said, the line between being proactive and being salesy can be a thin one. There is a balance to strike and some…

Competition for top teams in the wealth management industry was even fiercer in 2023, as 9,674 experienced advisers, an average of 806 per month, switched firms last year, according to the latest. Advisor Transition Report by Diamond Consultants. This is an increase of 7.5% from 2022. Overall advisor movement is likely even greater than that…

The story of the late artist Ana Mendieta has made headlines, with a novel recently published and a documentary in the works based on her tragic life and death. Mendieta's granddaughter, Raquel Cecilia Mendieta, has been made the administrator of her estate increasingly restless about the legacy of Mendieta and how these media projects describe…

Now is one of the most critical times in recent history to discuss charitable planning with clients. Fortunately, wealthy patrons continue to make substantial charitable donations. However, the number of households giving to charity has fallen from two thirds at the beginning of the 21st century to just one and a half 20 years later….

Independent advisors looking at custody platform options beyond the big three (Schwab, Fidelity and Pershing) should consider the latest addition to Apex Fintech Solutions. Apex announced that the firm acquired AdvisorArch, a portfolio management company with its rebalancer. Connected: Apex's failed SPAC imposes $1.5 million SEC fee The caretaker informed him integration with AdvisorArch in…

FINRA brought its first Better Interest enforcement action in 2022, but it is already among the top five issues for the brokerage regulator. according to a new study by Eversheds Sutherland. Cases related to Reg BI brought the fourth-highest amount of fines in 2023, according to the law firm's annual assessment of FINRA data. FINRA…