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A partnership between Citigroup and Silverfern to serve exclusive private equity deals to ultrarich clients collapsed after years of tension and litigation.

Presidents have long rushed to take credit for booms and distanced themselves from busts. But Trump's situation is unusual. The risks to the U.S. economy — potentially including stagflation or even recession — are closely linked to his own flagship initiative: a new tariff bonanza due in just over two weeks.

Scott Engelbrecht is the chief development officer for CLA. For more than 30 years, he has dedicated his career to providing business and financial solutions to the firm's clients through its business lines: audit, tax, consulting, outsourcing and wealth advisory. In his current role as chief development officer, he is not only focusing on the firm's organic client growth but also driving forward greenfield opportunities, including opening new CLA locations and bringing other firms across the U.S. into the CLA family. He supports the development and management of the firm's financial reporting systems, and he coordinates across CLA to develop and manage appropriate measuring and reporting approaches required to accomplish the needs of the firm. Engelbrecht is also responsible for helping the firm reach stated financial goals for service lines, industry groups and geographic regions. As chief development officer, he leads and coordinates the overall facility management requirements of the firm and is responsible for coordinating a consistent approach operationally and financially regarding all lease, merger/acquisition and principal-related agreements.

Get expert analysis of the May FOMC meeting, inflation outlook, and Powell's comments.

As inflation cools, Social Security's annual cost-of-living adjustment is projected to decline in 2026. Seniors say the benefit bump won't be enough.

These tax-advantaged savings accounts will be open next year to a much wider range of disabled clients.

The research and consulting firm spoke with more than 11,500 investors last year about their wealth management company. Here's how 36 firms fared in the survey.