If clients worry that the country could face a repeat of the tension after the 2020 election, Kris Maksimovich, president of Dallas-based Global Wealth Advisors, asks them to think back to that time and what markets did in response. According to Maksimovich, these clients are surprised when he reminds them that the S&P 500 rose…

Uptick Partners, a new support platform designed to help other advisors from captive brokers/traders become independent, has launched a guarantee program. Advisors who partner with Uptick typically receive a 95% payout, and the firm charges a platform fee of between 5 and 10 basis points. This platform fee covers the firm's cost of doing business,…

(Bloomberg) — Wealthfront Inc . is closing its equity risk fund after years of underperformance, marking the end of an uphill battle to deliver sophisticated strategy to the masses. The digital wealth management firm said in a Monday delivery that the Wealthfront Risk Parity Fund will be liquidated and dissolved on or about January 3….

(Bloomberg) — U.S. Treasury yields rose — with the biggest 30-year rise since the global flight to money in March 2020 — as investors again flocked to bets that Donald Trump's return to the White House will boost inflation. . The yield on longer-maturity US government bonds rose 24 basis points to 4.68%, the highest…

Warren Buffett's will leaves more than 99% of his fortune to charity. With a net worth of more than $100 billion, that money will do very well. But who gets to decide what charity to support? That's the big difference Buffett recently discovered. In an earlier version of his will, Buffett (then the second richest…

“If there's no need for liquidity, we don't want our customers to put money into permanent life insurance. We want that money here as assets under management.” I first heard this over 30 years ago from an investment advisor who did not sell life insurance. I understood their point of view. Fast forward three decades,…

When President-elect Donald J. Trump is sworn into office for a second term in January, it should come as no surprise that he will likely take a markedly different approach to financial services regulation than the current Biden administration. For one, the Department of Labor's fiduciary rule released last spring it looks set to suffer…

Here we go again. For the second time in American history, a president has been elected to a second non-consecutive term in office. During his first term, President Donald J. Trump focused heavily on taxes. Will this be true for the second term? Related: What will financial services regulation look like under Trump? On the…

The immediate market reaction to President-elect Donald Trump's victory has included a rally in stocks, a strengthening dollar, higher Treasury yields and a surge in Bitcoin and other cryptocurrencies. However, advisers are cautioning clients against making any immediate adjustments to investment allocations until there is more clarity about the administration's top priorities around tariffs, tax…

Wealth Enhancement Group, a Minneapolis-based registered investment advisor, has acquired M&R Capital Management, a Summit, NJ-based RIA with more than $536 million in client assets. This represents WEG's 15th deal this year, bringing its total client assets to more than $96.6 billion. M&R was founded in 1993 by John Maloney, CEO and Chairman, and Alan…