In 2017, an all-time record of 138 funds shut down, but so far this year, there have been 97, outpacing last year’s number during the same time frame.
“Choosing when to retire is one of the single most important financial decisions we make in our lives,” noted Morningstar researcher David Blanchett.
Landsberg Bennett Private Wealth Management’s partners cited the technology and tools available to independent RIAs as a reason to leave FiNet.
Besides payments, blockchain has applicability in financial services from share trading and claims management to asset custody in public and private markets.
The median operating profit margin for target-focused firms was 18 percent higher than others and the median annual client growth was 35 percent greater.