WealthManagement Edge

New research from Edelman Financial Engines found 67% of Americans need more than $1 million to feel wealthy, while more than half say social media has negatively impacted saving.

The independent wealth management space is becoming less a friendly club and more a pitiless jungle, with big firms squeezing smaller competitors, poaching talent and where organic growth, not M&A, will drive firm value.

Commonwealth's PPS Select Compass is intended to provide advisors with more control and flexibility in portfolio construction.

Constellation Wealth Capital has purchased a minority stake in the alts-focused, technology-driven California RIA.

The alts-focused investment manager reorganizes to expand affiliation options and welcomes three recruits with more than $560 million in assets.

Paul Simons created his new RIA on the Dynasty Financial Partners platform.