Portfolio

The tax law has made deducting philanthropic contributions more difficult, but there are ways to help clients reap benefits from their generosity.

The advisors were lifelong Morgan Stanley advisors, having started their careers at Smith Barney before Morgan acquired it.

Career-switchers may think becoming a financial planner is an easy transition, but done improperly can pose dangers to themselves and clients.

Discounted cash flow valuations have become popular, but untangling the formula can be challenging.

Heavily weighting any single stock has the potential to make a portfolio more volatile.

The products have already attracted $1.3 billion in new assets this year, more than half what they took in during 2018.

The deal combines two giants: the leading financial planning provider by market share with the leading TAMP by client assets.

The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.

The sector has seen an inflow surge in recent months as Treasury yields continue to fall.

The transaction means the TAMP will own software that serves tens of thousands of financial advisors.