There’s a shift towards a non-AUM fee model for advisory services, according to financial planning workflow platform AdvicePay. The firm, founded in 2018 by financial advisors Michael Kitces and Alan Moore, has just surpassed 1 million financial planning fee transactions on its platform and says that reflects demand for non-AUM...
Most people would say they want to have a comfortable retirement, but putting the necessary plans in place is not a given, even when working with a financial advisor. But there are certain traits that some possess that make them more likely to adopt a ‘retirement mindset’ and will likely...
Bonds are looking attractive right now and are set to be a shining light in 2024, according to a new outlook from portfolio managers at Pimco. Erin Browne, Emmanuel Sharef, and Geraldine Sundstrom have shared their Asset Allocation Outlook with InvestmentNews and their belief that bonds have rarely been as...
The team at technology-centric wealth management firm Farther is celebrating strong growth despite challenging conditions. Assets under management increased 2.4x between April and September 2023 to a total of $1.6 billion. It says that the rapid growth makes it one of the fastest venture-backed w Learn more about reprints and licensing...
More than three quarters of U.S. institutional investors are expecting interest rates and inflation to remain elevated for at least the next 12 months, putting fixed income investments in pole position to generate the best returns in 2024. A new report from CoreData also reveals that these organizations are tiring...
Snowden Lane Partners has added a $230 million advisor to its list of seven recruitments for 2023, which have given the hybrid RIA firm a $1 billion boost in AUM. Former Merrill Lynch vice president and wealth advisor William H. “Trey” Jones III is the latest to join the firm...
Mariner Wealth Advisors has announced a substantial acquisition that will provide it with enhanced streams for growth. The addition of Baystate Wealth Management, based in Boston, Massachusetts, adds $1.8 billion AUM but also expands Mariner’s capabilities in outsource investment management for financial advisors, one of Baystate’s key service provisions along...
As a new year approaches, people will once again commit to improve their lives and achieve new goals, but is there value for investors beyond the ‘New Year, New You’ bounce? Two recent reports suggest that people are investing more in themselves with improvements in their wellbeing and their skills,...
Higher interest rates and inflation have pushed household budgets to beyond their limits, forcing many American consumers to take on more debt. New stats from TransUnion show that bank card balances were up 15% in the third quarter of 2023 compared to a year earlier, with a new record high...
New opportunities for wealth and alternative asset managers is the focus of Emigrant Partners, and the firm is aiming for new growth with the expansion of its headcount. The specialist capital and strategic advice provider to RIAs has announced that Jason Ehrlich has joined as managing director and head of...