Freedom Capital Management, an asset management firm based in Boston with $7 billion in assets under management, announced that it has formed a partnership with Essex Corporation of New York, a distributor of mutual funds, annuities and life insurance to banks. Under the partnership, Essex Corporation will provide Freedom Capital's family of six FundManager Portfolios, which are funds-of-funds, to more than 150 banks and broker/dealers across the country.
Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.
Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."
Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.
Fidelity Institutional Wealth Management Services faces competitive threats in an era of ETFs and multicustodian advisory practices. But it has big advantages.
A bipartisan proposal to create a 75-year sovereign wealth fund for Social Security is not promising, according to Boston College researchers.
According to a recent survey by Janus Henderson, 79% of clients said they would be upset to learn an advisor used AI without telling them.
