Envestnet President Bill Crager talks about the recent string of rapid acquisitions among outsource service providers, the appeal of the high net worth space and how Unified Managed Accounts are poised to change the industry.
Family offices received an unpleasant and unexpected surprise earlier this month – they are now going to have to register their commodity and futures trades. It will be an onerous, and potentially costly, process, many say.
Aspiriant found a successful niche serving recent affluent immigrants, and now wants to bring wealth management services directly to Asia. But does an Independent shop stand a chance against global firms?
In post-recession America, greed is out. Clients are more open to thinking about values along with profits. So it’s not a surprise that so-called “socially responsible investing (SRI)” funds have grown at a faster rate than assets in the broader market, according to the latest study by the Social Investment Forum.
Mentioned In This Article Fearful investors and economic uncertainty are expected to put wealth management revenue and profits under pressure this year, resulting in a re-evaluation of fees and pricing strategies, according to top executives and ...
The giving season is here, but what’s being given, at least by philanthropic-minded high-net-worth clients, is changing.
The standard gift to a charity or foundation has traditionally been a highly-appreciated, publicly-traded security. But increasingly, wealthy clients are donating non-cash assets such as diverse as private property, businesses to even commodities such as soybeans or timber.
The bad news: despite mounting financial concerns, only one-half of small business owners use a wealth manager or financial advisor, according to a recently released survey by Securian Financial Group.
Regional wealth management firms are accelerating their efforts to expand nationally next year.
Leawood, Kansas-based Mariner Wealth Advisors exemplified the trend among well-capitalized RIAs, bringing on 20-year Fidelity veteran Brian O’Regan last month to lead its ambitious national growth strategy. Other regional RIA powerhouses including Aspiriant, Presidio Financial Partners, U.S. Capitol Advisors and Tiedemann Wealth Management all have plans to add offices in new markets next year.
Variable annuities can offer a number of potential benefits: They can help plan retirement income, generate tax-deferred growth and, with some contracts, protect principal. Yet even advisors, who recognize the benefits of variable annuities acknowledge their drawbacks—particularly their fees and the tax treatment of gains....More
As the industry continues to shift toward fee based business, many advisors are taking a deeper look into their current practice in an effort to align with this trend. The good news is that shifting away from a commission-based model can transform your practice in powerful ways—including increasing the stability of your revenue streams, enhancing client loyalty and potentially boosting the value of your businesses....More