Sue Gardiner quit her position as a financial advisor about a year ago to tend to some family matters. She was only gone a couple of months, but she could hear the clock ticking on her industry licenses. Advisors used to be able to retain their qualifications from passing broker...
When one firm buys another, it’s a often testy situation. For old-timers like yours truly, wealth management mergers and acquisitions can often result in a relationship like Liz Taylor and Richard Burton’s: volatile and unworkable. For the youngsters, or those around 40 or below, deals in the end may...
LPL Financial said advisors Steve Boeckmann and David Wyzgowski, who managed approximately $350 million in client assets at Valic Financial Advisors, the broker-dealer for AIG Retirement Services, have joined LPL’s broker-dealer, RIA and custodial platforms. The pair is launching BW Wealth Management, an independent financial practice based in Scottsdale, Arizona. Boeckmann...
Raymond James said Wednesday that an Indiana team that managed $335 million at Edward Jones is joining the firm’s independent advisor channel, Raymond James Financial Services. Brothers Nate Pendill and Benjamin “BJ” Pendill are co-founders of Pendill Wealth Management, which has offices in both Bloomington and Mooresville, Indiana. The firm’s...
Understanding the stock market Why invest in stocks? How do stocks make money? How do I invest in stocks if I know nothing? How to invest and buy stocks for beginners How to invest in stocks – and become successful How much should you invest in stocks for the first time? Can I invest in stocks...
How much do I need to retire? First, determine retirement needs How much do I need to retire? Look up average retirement savings by age Calculating retirement savings target How much do I need to retire and how do I stick to the plan? How much do I need to retire? Include Social...
InvestmentNews’ Hot List provides a look into the standout professionals who rise above the challenges of the industry. InvestmentNews readers are invited to share the story of someone who made a notable impact this year. Submit a nomination now before the survey closes on Friday, Sept. 8. The winners will be featured...
Take your pick, advisors: ETFs, mutual funds or both? Exchange-traded funds are considered tax-advantaged relative to actively managed mutual funds because they tend to realize fewer capital gains. Moreover, ETFs generally have lower fees compared to their mutual fund counterparts and are priced continuously throughout the day, enabling greater investor...
Over the last year or so, lawmakers and state regulators across the country have introduced a series of ESG-related proposals that could have profound ramifications for the industry. Not surprisingly, politics has been a driving force, with policymakers in blue states introducing measures promoting ESG investing and those in...
In recent weeks, investors and industry professionals have engaged in spirited debate regarding the state of the current market and whether we’re in bull territory. Even as these debates press on and investors revel in rallies, a gentle reminder is in order. Investing in the stock market is a dynamic...