Kingswood US, which is part of a network of independent firms overseeing more than $15 billion in client assets, has acquired Nashville-based Eudaimonia Group, three registered investment advisory firms managing more than $1 billion active in 17 advisers. The deal adds Eudaimonia Partners and Eudaimonia Advisors to Kingswood's corporate RIA. It also brings an in-house…

Lower interest rates and the Fed's signal that it plans to further cut its target for the Federal Funds rate should be good news for investors with commercial real estate assets in their portfolios. According to industry insiders, the rate cut should generate greater interest in this alternative asset and make real estate deals easier…

(Bloomberg Opinion) — Gary Gensler, the chief U.S. securities regulator, tapped Scarlett Johansson and Joaquin Phoenix's “Her” last week to help explain his concerns about the risks of artificial intelligence in finance. Money managers and banks are rushing to adopt a variety of AI-generating tools, and the failure of one of them could cause chaos,…

Debra Brennan Tagg, who runs Dallas-based BFS Advisory Group with $318 million in client assets, has left Osaic to join NewEdge Advisors, a New Orleans-based $28.5 billion registered investment advisory platform active dollars. Brennan Tagg is joined by Assistant Wealth Advisors Erin Neece and Hollis Stuckert, Portfolio Analyst Bradley Rouse and three firm and client…

Having witnessed the evolution of RPAs since their inception in 1996, it is amazing how far they have come. From selecting and monitoring investments to acting as a co-fiduciary to help plan sponsors and their participants save money by conducting record-keeping RFPs and transitioning to passive investing, RPAs have had a dramatic impact . This…

I have spent much of my career helping advisors better understand equity compensation and how to integrate it with each client's overall financial planning and goals. Employers structure their offers in very different ways and maximizing profitability can be tricky. Clients should ask their advisors questions about their equity compensations, but they may not know…

In a much-anticipated move, the Fed finally kicked off its rate-cutting cycle by cutting interest rates by 50 basis points. During this episode, Hightower Las Vegas Managing Partner Adam Thurgood shares his insights on what the Fed's decision means for bond and equity markets. Adam also talks about some of the macroeconomic and market signals…

A Massachusetts-based consultant who is suing Hightower for age discrimination won a small victory last month, with a state court temporarily barring the firm from enforcing non-solicitation agreements against him. In the ruling, Judge Debra Squires-Lee ruled in favor of Glenn Frank, a 69-year-old adviser who became involved with Hightower after it bought Lexington Wealth…

At the 10th Annual Wealth Management Industry Awards, Sheila Cuffari-Agasi, Chief Revenue Officer of United Planners Financial Services discusses her firm's unique position of being employee-owned, which limits external forces and helps keep the focus on advisors and their clients. Source link

At the 10th Annual Wealth Management Industry Awards, Jamie Hopkins, Chief Wealth Officer and CEO of Bryn Mawr Trust Company discusses the challenges and opportunities of estate planning and how his firm's 'Wealth as a Service' solution helps counselors to overcome these challenges. Source link