Open, honest, and candid discussion of another data breach, the Supreme Court hearing an ERISA case, changes to DC plans, the evolution of target date funds, and more. Source link

(Bloomberg Opinion) — In an era of accelerating progress in artificial intelligence, everyone is debating the implications of AI for laboratory market OR national security. There is much less discussion about what AI can or should mean for philanthropy. Many (not all) internal now say AGI – artificial general intelligence – has a good chance…

(Bloomberg Opinion) — In an era of accelerating progress in artificial intelligence, everyone is debating the implications of AI for laboratory market OR national security. There is much less discussion about what AI can or should mean for philanthropy. Many (not all) internal now say AGI – artificial general intelligence – has a good chance…

Commonwealth Financial Network, the long standing independent broker/dealer which has been transformed into a national RIAannounced this week its latest rollout of tools and services for advisors following its national conference earlier this month. Among these are changes to the Commonwealth's outward investment platform, Select Preferred Wallet Serviceswhich has more than 100 model portfolios and…

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…