While student loan debt is a concern for Americans of all ages, for those approaching retirement still burdened with repayments from their younger years is particularly worrying. A new report reveals that 13% of the 64 million Gen Xers in the U.S., roughly aged 42-58 years, have student loan debt...
Financial institutions are missing an important element of providing an effective service for clients from diverse backgrounds. Edward Jones asked attendees at its Diversity, Equity, and Inclusion Conference this week, including financial advisors, client support team members and home office associates, for their insights and found that 54% of client-facing...
A Series B funding round has raised $31 million for Farther, as backers including Lightspeed Venture Partners joined existing investors to more than double its valuation to $131 million. For Taylor Matthews and Brad Genser, founders of the wealth management firm which combines expert advisors with cutting-edge technology, the total...
Saving for retirement is proving challenging for many American workers who are concerned that they are behind schedule. For more than one third of respondents to a Bankrate.com survey the target is to save at least $1 million for their retirement (13% say $1-2 million), but even for those aiming...
An RIA firm has agreed to pay at least $18 million after being charged by the SEC for failing to disclose multiple financial conflicts of interest. The regulator said that AssetMark Inc. did not disclose that it helped set the fee that its affiliate custodian received for operating a cash...
Two Indianapolis-based RIA firms have combined to create a new brand with more than $750 million in assets under management. Wellington Group and TrustWealth Strategies completed their official merger earlier this month and will now operate under a new brand, Wellington Wealth Strategies, with a rollout already underway. The legacy firms...
The SEC has charged a podcast host for allegedly running a Ponzi scheme which claimed to offer low-risk, high-return promissory notes purportedly collateralized by first mortgages on homes located throughout Ohio. Matthew Motil is the host of ‘The Cash Flow King’ podcast and the regulator says that he used this...
Edward Jones has a new advisor utilizing its technology capabilities and home office support in Albuquerque, New Mexico. Financial advisor Andrew Furste joins the firm from Charles Schwab where he spent 14 years and managed more than $289 million in client assets. He previously served in the U.S. Military. “Edward Jones...
With household finances under pressure, some American families are finding medical expenses one bill too much, or even foregoing medical care altogether. A poll of 1,000 U.S. adults reveals that two-thirds (67%) said that inflation is making it harder to pay medical bills in 2023, up 10 percentage points from...
As millions of students begin the new school year, parents across America are edging closer to the day when their offspring stand on their own two feet. But thoughts of shuttering the bank of mom and dad should be put on hold according to a study from the North Carolina...