The retirement savings legislation signed into effect by President Biden last week as part of a government funding bill includes 92 provisions designed to boost the number of Americans saving for retirement, as well as the size of their nest eggs.
The same Fed policy that hurt fixed income last year is likely to make it the ballast for portfolios for the year ahead.
Having multiple sources to pull from during retirement, clients can manage the volatility and order in which they tap accounts much more easily than if they had only one option.
Instead of a single seat on the company's board, activist investor Impactive Capital is now seeking more significant change.
The Tiedemann/Alvarium merger had been cited as a standout by industry observers because of its focus on high-net-worth investors.
The nine-member group, which will do business as Fountain Financial Group, had been affiliated with First Horizon Advisors.
Yackel will be joining Janney as executive vice president after co-founding estate planning platform Trucendent.
Public-employee plans are underfunded, chasing higher returns and underperforming international peers overseen by professionals.
The purchase of Virginia-based Ascent Group keeps Alera on track to meet its goal of reaching $10 billion in AUM this year.
While more investors saw their financial condition deteriorate in 2022, their advisors are turning last year’s troubles into a teachable moment.
Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
His 10 calls for this year suggest a smoother ride for the markets that could depend on more action from Washington.
Last year's inflation, the highest in decades, means married couples can now hand their heirs almost $26 million tax-free, $1.7 million more than in 2022.
Pasadena, California-based Stonnington Group has 275 clients and is led by Nick Stonnington.
Dallas-based Matt Irwin has 24 years of experience, all with Amerprise and a predecessor firm.
Trading in the funds had ceased following Russia's invasion of neighboring Ukraine in February.
The allocation that's supposed to hedge against both assets dropping simultaneously didn't pan out in 2022, with an index tracking a 60/40 mix down about 17% for the year.
The record haul for the six big banks occurred as volatility juiced trading hauls, investment bankers rode a dealmaking boom and Donald Trump boosted bottom lines by slashing taxes.
When aggregator Wentworth Management Services goes public by merging with a SPAC, Kingswood, sometime in the next few months, industry veteran Roth will serve as chairman.
