Industry

Phased succession plans that stagger the amount of equity changing hands can help usher in the next generation of financial advisors, PPC Loan Managing Partner Dustin Mangone says in an episode of Financial Planning’s Invest Podcast.

Ongoing health risks will hinder a return to normalcy for the firm and its rivals.

The appointment comes as part of an equity investment by FTV Capital to expand the footprint of the company formerly owned by RCS Capital.

There are appealing methods to shift investments “upstream” to aging parents or “downstream” to grown children.

The firm is making another targeted purchase while rivals seek to gain ground with their own deals that reshape the sector.

The firm may have crammed five years worth of user adoption into a single month.

I am advising some clients to ladder maturities to lock in more dependable tax-free income streams — especially for those in states with high income taxes, like California.

Under the new act, some can take out as much as $100,000 from retirement plans early without penalty.

Even as Schwab, TD Ameritrade and E-Trade attract billions in new assets, company cash yields suffered from Fed cuts.

The firm recruited only slightly fewer advisors than the year-ago period in very difficult economic conditions.