Investors are more likely to trust financial planning advice generated by artificial intelligence than the myriad of opinions on social media. A recent survey by the CFP Board found that 71% of respondents said they have little or no trust in advice the find on social media platforms but are...
Wholesalers may find it harder to gain the attention of financial advisors as the market becomes increasingly competitive. For an intermediary or asset manager, the stakes are high, with advisors indicating that those in their top three relationships account for more than 44% of their overall assets. This has increased...
Relying on Social Security benefits for a comfortable retirement has never been a good plan, but most Americans today think they may not get anything at all. Research from the Nationwide Retirement Institute has found an increase in the number of those aged 50 and over who think the Social...
The U.S. economy is holding up well against difficult economic conditions, a little too well for those with inflation as a primary focus. Boston Fed president Susan Collins says that the resilience of the economy has surprised her and believes there may be “more to do” to bring inflation down...
Trader sentiment has improved in the early stages of the third quarter but there are still significant challenges according to a new survey from Charles Schwab. There has been a notable drop in the share of respondents who think the U.S. faces a recession – 69% compared to 86% in...
A new report is a further call to action for fund managers who are lagging on providing exchange-traded funds as advisor and client demand grows. With ETFs typically offering lower expense ratios than mutual funds, the majority of registered advisors are selling them (91%) according to a new report,...
Hightower firm Highland Private Wealth Management has expanded its business in Washington with the acquisition of an advisor team with approximately $470 million in assets under management. Highland has acquired Trellis Advisors, a registered investment advisory firm based in Ellensburg, Washington, and founded by Ray Gilmour. “We have known Highland for...
Tax planning and wealth management firm Avantax has acquired a seven-member team managing around $330 million in client assets. Minnesota-based Summit Wealth Advocates comprises two financial advisors plus support staff, with the advisors joining Avantax’s employee-based model as financial planning consultants and the rest of their team joining in various...
A team of 16 advisors and 12 support staff are changing their affiliation to build on the substantial growth they have enjoyed over the past 14 years. Watermark Wealth Management has offices in Scottsdale, Chandler and Payson, Arizona, and Minneapolis, Minnesota, and was founded in 2009 during the financial crisis...
Climate-related investments at KKR will now be overseen by a trio of leaders after the firm hired a new co-head of its climate strategy. Charlie Gailliot joins KKR in New York from Goldman Sachs, where he spent 20 years as a private markets investor and was most recently a partner...