Top US companies have focused their firepower for much of the past two years on opposing a US Securities and Exchange Commission plan that would require them to disclose greenhouse gases and climate-related financial risks. In doing so, they’ve overlooked a California bill passed Tuesday that’s poised to have an even bigger impact. As the world’s fifth-largest economy,...
Jamie Hopkins, managing partner of wealth solutions at Carson Group, is stepping down for family reasons at the end of September. The $28 billion RIA, backed by Bain Capital, says it fully supports Hopkins’ decision. “We will begin a search immediately to backfill his role,” Burt White, managing partner and chief...
The September 2023 issue of the latest in financial #AdvisorTech kicks off with the news that WiserAdvisor, one of the longest-running lead generation services in the industry, has acquired IndyFin, a startup advisor rating platform that had aspired to be the “Yelp for Advisors.” On the one hand, that...
Being a financial advisor is a tremendously rewarding career and I am so grateful I found this profession as early as I did. People outside our industry think of advisors as stock pickers or investment gurus. While I suppose there are those who fancy themselves as such, what we do...
Designing an optimal retirement income plan for a client is not easy. A myriad of uncertainties and risks must be addressed, directly or indirectly, and a significant body of research exists on the topic. Annuities are products that have been widely regarded among retirement academics and economists for decades....
The Securities and Exchange Commission has fined nine RIAs that advertised hypothetical performance to the public, contrary to the regulator’s Marketing Rule. The firms had not adopted or had not implemented policies and procedures “reasonably designed to ensure that the hypothetical performance is relevant to the likely financial situation and...
On New Year’s Day in 2024, there will be a new CEO at Homrich Berg. Thomas Carroll will take over at the Atlanta-based registered investment advisor, succeeding co-founder Andy Berg. Berg will stay on as chairman of the $14 billion RIA going forward, the firm announced Tuesday. Carroll told InvestmentNews the...
The recession question is never far away and there is no consensus on when or how deep it will be. While wealth and asset managers expect a recession in the next year according to a recent poll, a panel of 14 chief economists from some of the largest U.S. banks...
Two Former Wells Fargo advisors, who oversaw approximately $280 million of assets, have joined Linsco by LPL Financial, the firm announced Monday. The father-son team of Michael and Wes Climer join fellow advisors at a dedicated Linsco office on Carnegie Boulevard in Charlotte, South Carolina. Mike Climer started his career at...
Wealthtender, an independent find-an-advisor website and SEC-compliant online review platform, has announced its acquisition of AGC, an online community for financial advisors. The acquisition will be completed around Oct. 1 and will provide over 450 financial advisors with digital marketing tools and access to a community of peers. According to...