Finance

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

A 50% allocation to equities for someone in their 60s still leaves someone with a lot of risk right before retirement, writes Jared Dillian.

The uncertainty could lead to market volatility, delayed stimulus negotiations and complicate planning for a potentially new regulatory environment.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

Wealthy clients are the fastest growing segment of the company’s retail division.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

The firm will use its warchest to expand its technology stack and make acquisitions.

Complicating socially conscious investing is the fact the SEC doesn’t regulate how the category’s labeling is applied.

If approved for an IPO, the blank check company will face stiff competition among the growing ranks of RIA acquirers.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

Meanwhile, the wirheouse’s advisor headcount ticks down and recruitment loans drop, again.

BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds.

It’s a dilemma that could reshape the classic investing strategy as the Fed holds rates near zero for the foreseeable future.

The fintech plans to build out cash, checking, insurance and mortgage products.

Genstar Capital Managing Partner Tony Salewski spoke openly with advisors about the firm’s investment strategy for the IBD network.

The acquisition established a $6 trillion-giant operating as a mutual fund company, RIA custodian, bank, retail brokerage and national wealth management firm.

Estimates for the deal between the analytics platform and private equity firm LLR Partners go as high as $270 million.

The Managed Funds Association urged the agency to do more analysis before moving forward.

Unlike many digital advisors, Retirable is not offering investment management or targeting millennials.

The Labor Department has opened the door to using PE as a component of a target date fund held within a DC plan, writes iCapital Network CEO Lawrence Calcano.