Osaic's integration of its legacy broker/dealers (as well as Lincoln Financial's wealth business) continues apace. According to CEO Jamie Price, Securities America is fully integrated and the Lincoln business will be converted by January. In an interview in WealthManagement.com's New York office last week, Price said the firm's expectation of shedding advisers after Osaic's rebranding…

Investments in Private loans have become more popular with the wealth channel. However, private equity loans are primarily issued as floating-rate debt, contributing to high returns compared to other private assets. Can lower interest rates and yield compression for the asset class dampens enthusiasm? Not necessarily, according to industry experts. For example, private debt strategies…

(Bloomberg) — A new exchange-traded fund trying to carve out a slice of the $6.3 trillion sitting in traditional money market funds is launching Wednesday. Related: Money market funds are growing in popularity. Here's what customers need to know According to a press release, the Texas Capital Markets Government Money Market ETF begins trading under…

Envestnet announced Wednesday shareholder approval of its pending acquisition by Bain Capital. The deal was first announced in July and is expected to close sometime in the fourth quarter of this year. Related: Bain Capital to buy Envestnet Shareholders overwhelmingly agreed to the merger at a special meeting. According to a statement, a preliminary vote…

Charitable giving through planned giving instruments, such as legacies, charitable gift annuities, and life insurance determinations, has become an increasingly vital source of income for nonprofit organizations. As donors seek to maximize their charitable impact while minimizing their tax burden, charities require sophisticated strategies to cultivate and nurture these planned gifts. Enter the Planned Giving…

Merrill Lynch and Harvest Volatility Management will collectively pay $9.3 million to settle SEC allegations that the firms received excessive fees when Harvest exceeded clients' “specified investment limits” after being referred by Merrill. In a statement, the associate director of the SEC's Division of Enforcement, Mark Cave, accused the two firms of “dropping the ball”…

Open, honest and candid discussion about retirement plan assets, Fidelity's crackdown on credentialing, the new Commonwealth PEP and more. Source link

Addepar, a technology provider for RIAs and wealth managers, has announced the launch of its trading platform, the rollout of dashboard enhancements and other enhancements to its products. The new Addepar Trading platform enables full trade execution and rebalancing of clients' portfolios and includes model building features. Additionally, the platform is scalable and can trade…

The tight presidential race has sparked a surge in tax planning by the wealthy. The 2025 sunset of the estate tax exemption limit could have a big impact 84 trillion dollars expected to be transferred to younger generations and charities in the coming decades. Many families – not just the very rich – are in…

(Bloomberg Opinion) – Retail investors have won the fee battle. Brokerage accounts are free. Trading commissions are history. Anyone can own the entire stock market through a single exchange-traded fund, for essentially nothing. It's a big win for investors and a terrible one for the investment industry. But the industry is fighting back with a…