During the course of their formal education, children will learn a range of skills aimed at preparing them for adult life. But is a general education enough to equip them with the financial realities they will actually face? From my perspective as an advisor focused on family finances, investments and wealth management—the answer is a…

With the latest introduction from their T. Rowe Price “Custom” target date ranges.joining American Funds and Pimco, it's worth reflecting on the evolution of TDFs from their humble beginnings created by Donald Luskin and Larry Tint at Wells Fargo Investment Advisors in the 1990s, which were acquired by Barclays and then Blackrock. Not only do…

Brown Harriman Brothers recently Survey of Private Business Owners it has created quite a stir in our circles. One statistic that stood out to me was that 91% of business owners want their companies to stay family-owned, but three in four (74%) admitted that the roles of the next generation are either “poorly defined” or…

Advisers who don't find a way to strengthen their philanthropic planning services and knowledge could be “left behind” within a few years, according to the head of a Bay Area-based firm focused on educating RIAs on the matter. “The reason is because there's this huge transfer of wealth happening and they expect about $11.9 trillion…

Several companies in the wealth management space have tried to go public and eventually backed out of the effort. Take Envestnet, CI Financial's US wealth business, Dynasty Financial Partners, AssetMark and others. AlTi Tiedemann Global is one of the few registered investment advisors currently trading on the public market. In a recent long discussion WealthManagement.com's…

(Bloomberg) — Ralph Hamers, the former chief executive of UBS Group AG, has joined a wealth firm founded by former Google employees, his first public appointment since leaving the Swiss banking giant last year. Hamers, 58, is a senior outside adviser at Arta Finance, a digital wealth platform that uses artificial intelligence in an effort…

(Bloomberg) — BlackRock Inc . attracted a record $221 billion in total client money last quarter, pushing the world's largest money manager to an all-time high of $11.5 trillion in assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets. Investors added $97 billion to exchange-traded funds and $63…

As our industry continues to grow, one of the most exciting prospects for me is the ability of clearing firms to step into a more prominent role in helping clients, broker/dealers and advisors navigate the complexities of wealth management. Doing so will require taking a comprehensive look at our technology and reimagining how it best…

Sponsored by Related: Q&A: Smarsh CEO on the role of AI in communications compliance Using testimonials creates a powerful opportunity to amplify the potential reach of positive experiences through word of mouth sharing with new audiences. For financial advisors, online reputation is becoming increasingly important as clients turn to digital channels for information. Understanding how…

While watching the Major League Baseball playoffs this week, I noticed, among the usual ads for beer, trucks, and life insurance, an obvious online estate planning platform. Faith and Will. I took this sudden clash of work and free time as a sign that it was time to write something about this provider's advisor-focused offering-Trust…