Portfolio

The firm's new private investment fund will source deals using its own investment bankers and wealth managers.

The firm anticipates the change will save its 1.5 million Admiral Shares clients roughly $71 million.

The product, which allows investors to purchase virtual currencies on their exchange, hits the market at a low point for bitcoin.

After Dec. 31, spouses responsible for paying alimony won’t get a tax deduction, due to a change under the Tax Cuts and Jobs Act.

Lower-earning spouses who took time off to raise children or care for an aging parent may not be eligible based on the taxes they paid into the system.

It’s another high-profile addition for the firm led by ex-Morgan Stanley executive Greg Fleming.

Macroeconomic trends and matters of convenience will move advisors, assets and markets next year in the ever-changing wealth management space.

The development of new products, technology and the increasing prominence of ESG are top-of-mind among industry executives.

Working parents who paid for day care, summer camp or a babysitter on the books are advised to take advantage of this break.

Six major trends to watch next year include M&A and the breakaway broker movement.