Sponsored by As organic growth through enhanced marketing and more effective client retention becomes a priority for wealth management firms, client segmentation has taken on greater importance. IQ Wealth Management and BNY Mellon | Pershing recently conducted an in-depth survey to discover advisors' and managers' attitudes toward and experience with client segmentation. This report presents…

Financial advisors can use generative artificial intelligence to help them achieve “personalization at scale” within their practice. Now, we are in the implementation phase, said the speakers at WealthManagement.com's RIA Edge West Conference in Marina del Rey, California. “The good news is that customization at scale is here,” said Jason Pereira, senior partner and financial…

(Bloomberg) — Imagine putting your savings in a digital bank, not thinking about it, and waking up one day to find it out of reach. This nightmare scenario is exactly what happened to more than 10 million end users earlier this year when fintech startup Synapse Financial Technologies Inc. filed for Chapter 11 bankruptcy –…

(Bloomberg) — The race to launch an exchange-traded fund tracking XRP, the seventh-largest digital token, is on. Canary Capital Group, a new investment firm focused on digital assets founded in September, presented Briefs with the Securities and Exchange Commission on Tuesday to launch the Canary XRP ETF. It comes just a week after Bitwise Asset…

A consulting trio based in Wichita, Kan. with about $685 million in assets under management is joining LPL Financial from Merrill Lynch, the independent broker/dealer announced. Michael Caffrey, Derek Keller and Gabriel Parham are launching Air Capital Wealth Management by linking with LPL Strategic Wealth Services, the firm's independent model for advisers moving away from…

Having grown up around financial planning, Matthew Newman understood the importance of having everything in place before tragedy struck. His father's advice to plan for negative moments was a lifesaver. At age 39, he was diagnosed with Grade 3 Astrocytoma, a form of brain cancer. At the time, he had three children under 5 and…

The last case of Estate of Fields v. CommissionerTC 2024-90 (Tax Ct. 9-26-24), provides a text example of a family limited partnership (FLP) with bad facts that triggered estate tax inclusion of property transferred to the FLP under Code section 2036 of Internal Revenue. (a)(1) and (2) with loss of deductions for lack of control…

Sponsored by What defines a successful firm in 2023? Since firms come in every shape and size imaginable, finding a single definition of success for modern advisors is nearly impossible. This new report digs deep to uncover the common factors that determine success for consulting firms. Rather than applying the same bar to every firm,…

Sponsored by In a world where financial planning has often been perceived as a privilege reserved for the wealthy elite, Axtella is focusing its efforts on creating a mindset shift: debunking industry myths by democratizing access to financial guidance through tactics that resonate with different audiences. Axtella's mission is to cultivate human-like experiences for…

Sponsored by The wealth management industry is on the cusp of a seismic shift. By 2025, the number of ultra high net worth (UHNW) clients with $50 million or more in assets will grow 30% over 2021 levels1. While UHNW clients are eager to see their money grow, wealthy investors and their families face numerous…