Facing a weakening dollar, U.S. investors are increasingly using exchange traded-funds to access overseas markets, according to Dow Jones. International equity ETFs gained $25 billion in the first half of 2007, compared to $13 billion for domestic stock funds. Compared to 2006, that is a 61% increase, from $80.8 billion to $129.8 billion for the period, according to
Tips and tricks on building a successful niche: This week, Andrew Barninger of Personal Wealth Advisory shares insights on financial planning for business owners looking for an exit.
Some financial advisors may still hesitate to get on LinkedIn, Facebook, Instagram, YouTube or TikTok. But experts say growing firms need to be on the social platforms.
Wealth management firms are rapidly adopting artificial intelligence to grow their businesses and reduce time spent on administrative work. Amid the AI boom, firms say education has become their top priority.
Though advisors keep heading for the door following the sale of Commonwealth, industry analysts believe LPL Financial can still hit its post-purchase goals for retaining assets and headcount.
Financial Planning's AI Readiness Survey found that advisors are already using AI for creating legal document summaries and seeing results, but legal experts warn that undisclosed, unmonitored use could open firms up to liability.
The purchase comes as Creative Planning seeks to build out its expertise in managing retirement plans.
