Much like playing a game of Monopoly, a recent study from Tufts University finds that when people are more wealthy, it’s because they’re lucky — a result of just pure randomness. The study’s findings, originally published in SIAM News, suggest even if everyone were equally talented and followed the same...
It’s the season when people keep on giving, and financial planning organizations are asking advisors to talk to their clients about contributing to donor-advised funds. “One of the main reasons for the popularity of DAFs is just the simplicity in being able to create a donor-advised fund to have that...
Advisors who are interested in growth, scale, practice management and margin expansion “absolutely have to attend” an upcoming webinar on turnkey asset management platforms. “TAMPs are about outsourcing,” said Barrett Ayers, president and chief executive of Adhesion Wealth. “If you’re struggling with margin compression and you’re being asked to do...
Edelman Financial Engines, one of the largest registered investment advisory firms, has acquired PRW Wealth Management, an RIA that provides a range of wealth management services, both companies announced Thursday. PRW, which is headquartered in Quincy, Massachusetts, manages more than $500 milli Learn more about reprints and licensing for this article.
The 2024 presidential election is less than a year away. But some investors are already concerned about who’s going to win the big boy chair next November. A survey from Janus Henderson released Tuesday shows 49% of investors are very concerned about the presidential election, surpassing the po Learn more about...
While questions surround the validity of the classic portfolio consisting of 60% stocks and 40% bonds, many are considering turning to alternative investments. The average portfolio allocation to alternatives is expected to jump 3% by 2026. Investors are looking at other ways to allocate assets as returns on stocks and...
With health care costs skyrocketing over the past several years, it’s no surprise employers and employees are turning their attention to health savings accounts. A recent study from the Plan Sponsor Council of America shows that HSAs are continuing to gain in popularity and explores trends in how these accounts...
Several advisors recently spoke about what it takes to lead a purposeful business and how amplifying their impact provides a strong advantage to their firm. As it turns out, there are lots of ways to do so. “When purpose is a key driver and not just profits, the focus shifts from...
In an age where everyone relies on technology, some prefer to do without. A recent eMoney study found that’s going to be a problem for advisors who aren’t down with tech. The study found that clients who work with tech-forward advisors — those who rate technology or client portals as...
AssetMark Financial Holdings hit its sixth consecutive quarter of record-breaking results in the third quarter, and it shows no sign of slowing. The turnkey asset management and technology provider brought in an all-time high total revenue of $190.5 million in the three months ended in September, Learn more about reprints and...