Wealth management

Whitney Houston’s mother, Cissy Houston, and sister-in-law, Marion Houston, filed a request in court to change the terms of Whitney Houston’s will. They want to delay when Bobbi Kristina receives her inheritance in order to protect her. The will created a “testamentary trust” for Bobbi Kristina. Andy and Danielle Mayoras explain what a testamentary trust is (and how you could use it with your clients.)

Cambridge Wealth Counsel has been called a top wealth management firm, but this Atlanta-based RIA's story is certainly a bottoms-up tale.

Capital Guardian LLC, a Charlotte, N.C., based boutique wealth manager, announced Tuesday it added a former LPL Financial team to its independent channel.

A report by the National Center for Policy Analysis, a conservative think thank, investigated how much Baby Boomers are spending on things like education and clothing and how that’s changed over the past 20 years.

The SunTrust affiliate names a firm veteran, Thomas M. Carroll, as the new chief.

Focus Financial Partners, LLC, the nation’s largest partnership of independent wealth management firms announced the acquisition of Vestor Capital Partners, LLC.

If Congress allows Bush-era tax cuts to expire next year, as many expect, planners everywhere must be aware of the “fiscal cliff” their clients will confront.

MLV & Co. Financial has struck a deal to buy a stake in an investment advisor in Connecticut and promises more acquisitions to come.

Although most of your clients are focusing more on retirement planning and taking the necessary steps to prepare, there are some danger signs advisors and clients must be ready for.

Kanaly Trust, a Houston wealth manager with approximately $2 billion in assets under management, announced it will be acquired by Lovell Minnick Partners, a private equity firm that provides buyout and growth capital to companies in the financial services industry.

Amid growing economic worries and a shift in investing strategy, advisors say they are bullish about their own firms' profits and assets under management.

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, added Schluchter Investment Advisors, which manages more than $300 million in client assets.

National Advisors Trust, an RIA-owned trust company with over $7.5 billion in assets under administration, announced Tuesday that it hired that Joseph Morsman as senior vice president of institutional trust.

"In five years," Brian Holmes of Los Angeles-based Signature Estate and Investment Advisors predicted, "I expect that we'll manage more than $5 billion, with revenues over $30 million."

A sign of confidence in the economy and charitable values, more than three-fourths expect to continue or increase giving by 2017.

Before embarking on first or next dance with the regulators, Jennifer Woods Burke, President of CompliGuide provides her thoughts on the top 7 ways that firms sabotage themselves.

In a new strategic direction, Washington Wealth Management, a two-year old firm that has been growing on a tear by luring advisors from wirehouses, has joined LPL, bringing $750 million in assets under management to the country's largest independent broker-dealer.

On top of a $180 annual fee, the CFP Board's 67,000 members are also each paying a $145 surcharge for the promotional campaign, which includes advertising on NPR and in major consumer publications.

Wirehouses are set to lose 7% market share in the next three years, according to a report released Monday by Cerulli Associates. "These survey findings indicate a shifting advisor base between channels, with a lot of activity moving away from the wirehouse firms," Bing Waldert, director at Cerulli, said in a press release.

The weeks following the November Presidential election that will run up to an impending fiscal cliff, where tax hikes and budget cuts come due, can be summed up with one word: volatility, according to new research from Cetera Financial Group. But both a Democrat or Republican presidential victor will likely have a sway on the markets. Here's a look at how Cetera sees certain sectors faring after the November election.