With Bank of Americas success in the online bill-payment industry and the possibility of Fleet greatly increasing CheckFrees business, the shares hopped $3.13 to $28.90, and traded as high as $29.90 on Nasdaq, Reuters reports.
The Monday announcement that Bank of America would buy FleetBoston, creating the second-largest bank in the United States, is said to be a $47 billion deal. CheckFree, which saw a narrow loss last quarter, seems to be in line to benefit from the buyout.
Gryphon Wealth will keep Wells Fargo Clearing Services as its custodian in a deal that brings in tech support from TradePMR, a firm acquired by Robinhood in 2024.
If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.
Subscribers to Financial Planning can earn one continuing education credit toward recertification by successfully completing the 10-question quiz.
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.
