I have found throughout my career that many financial advisors are uncomfortable talking about life insurance. In some cases, they have an irrational fear of the product. In fact, a Study of Saybrus Partners found that more than half of financial advisors (56%) don't talk about life insurance even if their clients bring it up….

US Senator Dianne Feinstein's personal collection was auctioned by Bonhams earlier this week in Los Angeles, breaking records for the auction house. Attracting the largest number of entries for a Bonhams sale in the US, the auction lasted nearly 12 hours, reaching $1.85 million in sales and doubling the estimate. It also attracted a significant…

As wealth managers adopt more non-traditional investment products such as Active ETFs AND liquid funds for alternative assetsthey are looking to get more support and offers from the asset management industry. However, many asset managers may not be keeping pace with these needs, according to a newly released survey by the Money Management Institute and…

Estate planning platform provider Vanilla announced this week that it had closed an additional $35 million in previously announced funding. The funding round, which was previously announced in August without the exact amount, was led by Returning Investors Insight Partnerswith contributions from Venrock, Vanguard, strategic investors Edward Jones Ventures, Nationwide and Allianz, and new investors…

(Bloomberg) — The head of a family office group owned by the parent company of Fidelity Investments has stepped down as competition intensified among money managers for access to the investment firms of the ultra-wealthy. Jennifer Richardson, who began working as a consultant for Forge Community almost a decade ago before becoming its head in…

Advisors have many ways to monetize their life's work and take advantage of new opportunities for growth, both short-term and long-term. The transition agreement is one way advisers can de-risk a move financially through what is traditionally known as a forgivable loan – a note that usually ties the adviser to the firm for a…

Morgan Stanley's wealth segment posted record revenue of $7.27 billion, up 14% from last year and up 7% from the second quarter. The firm's assets under management for its wealth and investment management arms stood at $7.67 trillion, with $6 trillion in wealth management alone, up 25% year over year. Related: Merrill Earnings Emphasize size…

Beacon Pointe, a Southern California-based registered investment adviser, has acquired Landmark Wealth Management Group, a Lake Elmo, Minn.-based RIA with about $1 billion in client assets. This marks Beacon Pointe's fifth transaction this year. Terms of the deal were not disclosed. The deal brings Beacon Pointe's total assets under advisement to $38 billion and expands…

Artificial intelligence has made waves in various industries and wealth management is no exception. AI's ability to analyze large amounts of data and generate detailed reports has the potential to significantly increase the efficiency and effectiveness of wealth management firms. However, the integration of AI also brings certain risks, especially for fiduciaries in the family…

Veteran industry leader Suzanne Siracuse talks with George Nichols, CEO of the American College of Financial Services, to discover strategies for success in financial advising. Nichols shares insights on important areas for financial advisors, such as specialization, the future of retirement planning, and the importance of representation. Nichols explores how understanding the different needs of…