By all accounts, the second edition of Future Proof was a complete success. Articles across industry publications and consumer-facing media have praised Advisor Circle and Ritholtz Wealth Management for creating a unique and refreshing event that appeals to a younger, more diverse generation of financial advisors. I wrote something...
The Financial Industry Regulatory Authority plans to extend its remote inspections program, according to a filing with the Securities and Exchange Commission. In November 2020, Finra introduced a temporary rule to allow for remote inspections of brokerages while much the industry worked from home in response to the coronavirus pandemic....
Digital record keeper Vestwell continues to grow as program administrator for state retirement plans. On Tuesday, New Jersey announced that it selected Vestwell to run its Secure Choice Savings Program, a plan designed to help private-sector employees save for retirement. The partnership, which is Vestwell’s seventh state-facilitated retirement program,...
After beating the skeptics in its first iteration, Future Proof cemented its place in the wealth management industry’s annual event lineup when it returned to Huntington Beach, California, earlier this month. The event, developed as a collaboration between production studio Advisor Circle and Ritholtz Wealth Management, successfully evolved from the “world’s first...
TIAA has overhauled the senior leadership of its wealth management business. The New York City-based financial services firm has added six new leaders, all coming from other firms. Four of them will join the wealth distribution team, while the other two will be a part of the wealth chief operating...
Altruist has played the latest card in its ongoing efforts to woo independent advisors to its asset custody platform. The Los Angeles-based company previously charged registered investment advisors $1 per account per month to use its portfolio management software. On Thursday, the firm announced it would waive this fee completely...
Joe Duran has mixed feelings about the current state of the wealth management industry, one that he had a significant hand in shaping. After helping to pioneer the creation of large, nationwide registered investment advisors with United Capital, which he launched in 2005, he’s now concerned about what will happen...
Natalie Wolfsen has stepped down as chief executive of AssetMark Financial Holdings to take over as the new CEO of Orion Advisor Solutions, a competing technology and turnkey asset management provider. AssetMark announced Friday that Michael Kim, a 13-year veteran of AssetMark, has been named the company’s new CEO, effective...
Flourish Cash, a division of fintech company Flourish that provides registered investment advisors with access to cash management, announced Friday it is increasing its top-tier annual percentage yield as well as the amount of assets protected by FDIC insurance. Advisors can now use Flourish, which is owned by MassMutual, to...
Two digitally native wealth management firms are merging into a digital family office serving entrepreneurs, professionals and retirees. Compound, a financial and tax advisory service for technology executives, is joining Alternativ Wealth, a digital registered investment advisor, to form Compound Planning. The new entity manages $1.2 billion in assets and...