Allworth Financial, the Folsom, Calif.-based registered investment advisor with approximately $22 billion in assets under advisement, has acquired The George McKelvey Company, a Manasquan, NJ-based firm with more than $1.1 billion in client assets. Terms of the deal were not disclosed. George McKelvey is led by partners Robert McKelvey, Robert Giunco ​​Jr. and Richard Looney,…

A newly launched financial-backed firm from 4100 Group Financial Services is supposed to give advisers a competitive edge when working with ultra-high-net-worth clients. Family Office Resource Group is a family office solution for wealth management professionals and firms that want to compete for the business of UHNW clients. Related: Former Dakota CEO Carina Diamond joins…

At the 10th Annual Wealth Management Industry Awards, Peter Nolan, EVP, Sales & Strategic Partnerships, Pontera discusses how his firm allows advisors to provide their clients with integrated advice on all their assets, including 401(k) plans to help grow organic AUM. Source link

The defined contribution industry continues to focus on products and services that it thinks plan sponsors and participants should want based on logic. However, the biggest advances have come through understanding how people behave and then applying solutions that can address that behavior. One such case is automatic enrollment and escalation against target date funds….

You can probably tell when your customers are drowning in too much information. Daily bombardment of intraday trading figures, doom predictions from TV pundits who have no vested interest in the client's success, recommendations from anyone they find on TikTok. … …you know you can experience this yourself. Related: Three steps to using data and…

During this enlightening talk, WiserAdvisor CEO Rishi Bharathan shares his insights on the topic of quality vs. quantity and why financial advisors should prioritize quality results over quantity. Rishi also talks about how wealth managers can increase visibility and credibility by taking advantage of the SEC's marketing rule, which allows advisors to use testimonials and…

(Bloomberg) — The celebrity with tax efficiency The ETF market is poised to add a new string to its bow, with the arrival of two funds that offer a new way for investors to cut what they owe on capital gains. The Cambria Tax Aware ETF (marked TAX) and the Stance Sustainable Beta ETF (STSB)…

(Bloomberg) — Banco Santander SA made several appointments to its wealth management and insurance division as part of changes made by the new head of that business at Spain's biggest lender. Related: Santander hires private bankers to target wealthy clients in Miami, Mexico Santander will combine its alternative investments and investment platforms units, which will…

MAI Capital Management is acquiring Halpern Financial, a $1.2 billion fee-only RIA with offices in Virginia and Maryland, while also operating in Naples, Fla. It is the firm's eighth acquisition this year. As part of the deal, founder Tim Halpern will assume the title of regional president at MAI. As a result of the acquisition,…

Shannen Doherty, a beloved actress, was diagnosed with stage three breast cancer, tragically caught too late for treatment. The day before her death on July 13, 2024, she finalized her divorce from Kurt Iswarienko, ensuring that her assets would pass to her chosen beneficiaries. In this episode, David Lenok and guest Shawn Goheen highlight the…