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...
Bullish or bearish? It depends on who you ask according to two sentiment surveys released this week. The first, the quarterly Charles Schwab Trader Sentiment Survey, found that bearishness on the U.S. stock market has increased to 53% in the fourth quarter of 2023 compared to 35% in the previous...
One of the pioneers of robo-advisors has reached a significant new milestone and expects continued exponential growth. Wealthfront now oversees more than $50 billion for more than 700,000 clients, mostly U.S.-based professionals and the firm is expecting revenue growth of 140% for 2023. It’s al Learn more about reprints and licensing...
The savage sell-off that hit Treasuries in prior months was driven by concerns a buyers’ strike had hit the $26 trillion bond market. It’s now confirmed: at least one set of investors headed for the exits back in September. Foreign investors sold $1.7 billion more worth of Treasuries than they...
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...
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...
In August, B. Riley Financial Inc., which provides services ranging from investment banking to wealth management, said it had invested $216.5 million as part of the $2.8 billion management-led acquisition of Franchise Group Inc. Now the Franchise Group’s CEO, Brian Kahn, is under scrutiny, after a report that Kahn has...
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.
Gabriel GarciaManaging Director, RIA Client Experience, Business Development and Strategy The path to growth for financial advisory firms is multifaceted. It requires a keen understanding of the shifting demographic landscape, a balanced focus on client acquisition and retention, and a commitment to leveraging technology and innovation. Additionally, preparing for future...
Savant Wealth Management has added another large-AUM firm to its growing list of acquisitions in 2023. The company has acquired Bridgeworth Wealth Management, a woman-led registered investment advisory firm with offices in Birmingham and Huntsville, Alabama, with 58 employees and approximately $2.2 billion AUM. The deal is Savant’s second largest...