Serial entrepreneur Nathalie Molina Niño had spent the better part of two decades in the tech world when she came to the conclusion that investors are the ones running the show. Having that power to invest and make changes led her in 2016 to start Brava Investments, a firm that...
Big banks are beating their competitors when it comes to customer satisfaction with wealth management and planning apps, according to a report Tuesday from J.D. Power. Overall, full-service wealth management clients are happiest with the mobile apps and websites at Citi, J.P. Morgan Private Clien Learn more about reprints and licensing...
There’s hardly been a quiet year for bitcoin since its inception, but 2023 has been a standout: The price of the digital asset has more than doubled, the U.S. is on the cusp of having spot-price bitcoin ETFs, and the founder of a major exchange that melted down in...
Paying for college is seldom easy, and there are several factors at play that will soon make planning for it simpler and harder in their own ways. Next year, provisions from the SECURE 2.0 Act take effect that will allow employers to offer some financial benefits to workers who are...
One of the latest wrinkles in the Charles Schwab custody transition from TD Ameritrade’s system involves RMDs, and a lack of records for any that were taken this year before Sept. 5. That has left advisors who were part of the move double-checking to ensure that their clients who are...
CEO pay at many of the biggest companies in the U.S. has snowballed over the past decade to levels hundreds or even thousands of times higher than median salaries — and in a lot of cases, the higher compensation isn’t reflected in financial performance. That applies to the financial services...
It’s a prospect base advisors know all too well – clients’ children – and one whose business is not easily earned, so much so that many professionals don’t really try. Less than one in five affluent investors say they work with their parents’ financial advisors, according to data published Tuesday...
One of the most controversial numbers in financial planning, 4%, is back — but the “rule” that follows it less so. On Monday, Morningstar Inc. published research showing that 4% is the “highest safe starting withdrawal rate for retirees,” as there is a 90% probability they will still have money...
It’s not something people want to think about, but most acknowledge that long-term care should be a part of their retirement planning. The problem isn’t just that they don’t want to think about it — it’s that more than half of people don’t think about it at all, even while...
Charles Schwab’s much-anticipated transition in September for independent advisors from TD Ameritrade’s custodial system reportedly went off without a hitch — but not everyone is happy with the change. It’s been two months since the big move to Schwab Advisor Services — involving 3.6 million accounts among about 7,000 RIAs...