The AI jobs threat is biggest for banking, says Citi
Some two-thirds of jobs across the sector could be automated or augmented by the technology.
AssetMark to snap up multibillion-dollar TAMP business from Morningstar
The strategic alliance will see $12B in TAMP assets switch hands, with more advisors and clients gaining access to AssetMark’s industry-leading platform.
Special needs clients require special care
‘The succession plan for clients is the most important because the assets need to survive for the child.’
The thrill of entrepreneurship is ‘wildly rewarding’
InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Robert Sechan, NewEdge Wealth.
Osaic CEO says going RIA fueled his passion for advice
InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Jamie Price, Osaic.
Money for nothing? MTV generation more likely to be facing dire straits
Corebridge Financial whitepaper reveals top financial concerns of next-gen retirees.
Morningstar launches index tracking LGBTQ+ inclusive companies
New index adds to firm's growing range of socially focused indexes.
Luxury goods market reflects changing demands, economic realities
Younger generations less interested in some long-standing luxury assets.
Oil set for boost from July 4 travel surge
71 million Americans are expected to travel during holiday period.
How a Long Island hedge fund trader built a $285M burrito fortune
A move down under and disappointing Mexican food led to success.
Allworth extends California footprint with Del Monte Group deal
The national RIA’s latest acquisition adds another $220M to its roughly $22B wealth enterprise.
Nvidia topples Microsoft to become the world’s most valuable company
The chip giant's shares have been on an unrelenting tear as AI fever continues to grip investors.
Future Capital helps advisors break the 401(k) planning barrier
The RIA’s new solution aims to help advisors make their planning more holistic by considering held-away 401(k) assets.
For two-fifths of Gen X, retiring securely will take a “miracle”
Survey finds North American Gen Xers feel alone on their path to retirement readiness amid worries of public debt, healthcare costs, and inflation.
NewEdge Advisors swipes $540M team from Carson
The New Orleans-based RIA has welcomed a 20-year-old independent wealth planning practice in Michigan.
Morgan Stanley beats ex-Fla. advisors’ claims to deferred compensation
Expect to see more inconsistency around deferred compensation claims, says one attorney.
SEC bars advisor who used senior clients’ cash for secret options trading
The ex-Merrill Lynch, Fifth Third advisor concealed his activities by telling clients to put $683k in a shell company, according to a complaint.
Why female business owners often need a nudge when it comes to succession planning
Entrepreneurs tend to procrastinate when it comes to creating business succession plans. Advisors need to hasten the conversation.
Bullish investors primed to drive stock rally, says BofA
US stocks and global equities will be the biggest beneficiaries as dollars rotate from cash, suggests survey.
