Wealth management

Major hurdles stand in the way of wide adoption: regulation, security and cost.

More than a third of Americans plan to save a significant amount if they receive the payment, a survey found.

With markets and cryptos close to all-time highs, the next generation is increasingly exploring the nascent medium of art attached to non-fungible tokens.

Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.

Estate planners are keeping a close eye on the department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.

Returns by funds from Vanguard, BlackRock and DFA that use the strategy have outpaced global bonds in recent years, but underperformed stocks.

“The name may change but our commitment to the business, our clients and our advisors serving these clients is steadfast,” said division head Barry Sommers.

Wealth management firms are consolidating at a breakneck pace in a bid to grab wealthy U.S. clients.

The deal will push Paris-based iM Global’s assets above $24 billion and enable it to break into wealth management.

The benefits of traditional fixed income are diminishing with today’s low interest rate environment, but alternative investments can help solve the portfolio-allocation problem.

The RIA picks up 1,300 clients with $780 million in assets, underscoring feverish consolidation among wealth management firms.

Over the past year, the lineup of stock and bond funds notched an average gain of more than 25%.

Due to declining returns from bonds, the model 60/40 portfolio may eke out real returns of just 1%-2% a year over the next decade, said Lim Chow Kiat, chief executive officer of GIC.

The two fintechs are vying with each other and Envestnet to be advisors’ preferred digital hub.

The rep reeled in at least a dozen victims to the complex scam even though he was suspended from the industry for a different case, according to investigators.

Ascensus sold the practice with four reps and $490 million in client assets after acquiring it two years ago.

ARKK, along with other funds in her lineup, is in the green after logging its longest stretch of losses since the COVID 19-spurred meltdown last year.

Such products attracted more than $32 billion in January and February, by far their best start to a year.