The trustee recouping money for victims of Bernard Madoff's Ponzi scheme on Wednesday sought court approval to release $1.25 billion from legal reserves, potentially boosting the total payout to $8.22 billion....More
Assets under management in "managed investment solutions," such as rep-as-portfolio manager programs, unified managed accounts and mutual fund advisory programs, passed $4 trillion at the end of 2014, up 16 percent from $3.4 trillion in 2013....More
The experienced advisor knows that adjusting long-term financial strategies based on changes in political rhetoric – no matter what side of the aisle it comes from – is hardly the right path to protecting and distributing wealth....More
January is actually the most popular month of the year for divorces, which means it can be a busy, difficult and awkward time for financial advisors trying to help their clients cleanly separate their finances.
The vast majority of WealthManagement.com readers are either unfamiliar with life settlements, or are familiar with them but have never recommended them to clients. Many advisors associate life settlements with either an option for the terminally ill, or with unethical activities such as a stranger-originated life insurance (STOLI)....More
Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More
Many small business owners want to plan for their company’s long-term future and their own retirement. In the past, addressing a small business owner’s retirement and buy-sell needs often meant proposing two independent solutions....More