Mass affluent

A new Cerulli report suggests that one of banks' best opportunities to grow in the coming years is right under their nose, with a client segment they often ignore.

A new study by Financial Planning parent company Arizent shows that firms are missing a big opportunity to get ahead on winning in the wealth transfer race.

Citizens made waves with its hires of around 50 private banking staff from First Republic. The head of wealth management at Citizens shared what's next.

Investors with between $250,000 and $1 million outnumber the ultrawealthy by 2.5 to 1. For financial advisors, that could be a huge opportunity.

Wealthy individuals, not institutional investors, will drive money into alternative assets, data provider Preqin says in a new study.

The Finra report suggests that advisors looking to tap into these clients will find savers with improved financial capabilities.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

The Wall Street giant has built an automated advice platform and is considering how to release it to the mass affluent market.

They have begun eyeing clients with $1 million and less.

The firm hopes to broaden wealth management offerings beyond ultrahigh-net-worth clients.

Joe Duran outlines the company’s strategy for its mass-affluent advisory push.

The value advisors provide has not been historically aligned with the price clients pay. That’s changing, says the Facet Wealth CEO.

The investment platform, which is in the early stages of development, will be part of Marcus, the firm's consumer bank.

The market can't go up indefinitely, says Facet Wealth CEO Anders Jones, who predicts RIAs looking to fund growth-by-acquisition might find themselves cut off.

For potential landlords, owning rental property can sometimes be managed from a laptop or even a phone.

Copying big banks, smaller institutions are pairing with robos to meet changing mass-affluent preferences in long-term investment products.

Bank of America has plans to expand the self-directed platform’s reach even further.

Banks are opting for a hybrid approach, augmenting in-person advice with digital guidance.