As of May, the new company will operate under the Boston Advisor name and manage more than $3.5 billion in assets, with 20 investment professionals among the combined staff.
"We need access to much larger capital resources to serve existing clients and to expand our capabilities," said Peter Meenan, president and chief executive of Babson-United Investment Advisors.
Tax planning is becoming a more popular holistic offering for financial advisors, but tax time can become hectic.
State and local tax burdens vary widely depending on how taxes are structured. A new WalletHub study provides a definitive ranking.
The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.
The investment recommendations from a now-barred broker may ultimately cost the St. Louis-based firm more than $200 million in various penalties and awards.
A UC-Berkeley study found that AI tools may get work done faster, but advisors and other workers are often using it to add to their workloads.
With enhanced ACA subsidies gone, even a small income mistake can cost clients thousands.
