Wealth management

As the baby boomer generation closes in on retirement, many are preparing to give a substantial portion of their wealth on charitable causes.

CPA teaches other accountants to also become planners.

Consider the possibilities and problems dealing with wealthy clients seeking to act before a possible cut in tax exemptions.

A bitter dispute between a father and two of his children underscores how vital it is to review estate plans annually.

For bank reps looking to advance their careers, there's no better news than a promotion or a job offer that's too good to refuse. Here's a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

The agency's order initiating administrative proceedings alleges that Noah Myers, president of MiddleCove Capital, netted "ill-gotten gains" of about $460,000, while his clients lost more than $2 million from around October 2008 through February 2011, when an employee threatened to report the activity to the SEC.

John Cartolano and his Scottsdale, Ariz., based team at NetVest Financial have joined Ameriprise from LPL, bringing with them $200 million in assets under management.

Already this year, Independent Financial Partners, which has nearly 500 advisors, has increased its advisor count by more than 50% over the total number of advisors it added in 2011.

Ryan Kaufman decided to leave Woodbury, where he has worked since 2009, after the company announced in July that it would be acquired by American International Group. "Given my personal experiences and past dealings with the potential new purchaser, I thought it would be hard for me to go back to my clients and explain that we were re-affiliating with the parent company," he said.

Jody Team, heading a three-advisor firm with $40 million in assets under management, has launched Deltamark Advisors, a "turnkey" RIA support firm.

When it comes to choosing an advisor, mass affluent investors are very selective. According to a survey by the Spectrem Group, it all comes down to these five factors.

BOK Financial Corp. has acquired The Milestone Group, a Denver registered investment advisor. The acquisition enhances BOK's presence in Denver and brings its assets under management and administration across all its subsidiaries to nearly $50 billion, the company said in a statement. BOK has maintained a presence in Denver through its local bank brand, Colorado State Bank and Trust, a 100-year-old company. The acquisition will strengthen the Colorado bank's wealth management business. .

Trust funds are typically plump with assets to manage. Now, RIAs may be able to keep those asset management fees, after trusts are funded, without having to disrupt back office operations.

A new online company, FutureAdvisor, aims to break open the market for sophisticated financial advice and make that service available not only to the wealthy, but to all investors. Launched in 2010, the Seattle-based startup says it already analyzes $4 billion in assets for its users and, today, it announced $5 million in new venture capital funding. …

Despite posting solid gains as a group, some S&P 500 stocks went into the tank last month. Here's a closer look at some of the laggards.

Legacy expert attorneys Danielle and Andy Mayoras say the circumstances surrounding the late musician's estate serve as the latest reminder that having the proper estate planning instructions in place - and keeping them updated - is extremely important for every client.

Marvin Tuttle, the current exec director/CEO, had planned to retire in 2014 but moved up his exit due to family concerns. Schadle, who has been with the FPA and a predecessor group, the Institute of Certified Financial Planners (ICFP), since 1996, assumed her current post in 2006.

August's Top 5 Equity Vesting Awards

More than three in four advisors expect to continue selling variable annuities and allocate 11% of their assets under management toward these products, according to Cogent Research.

Midsized RIA firms are the new sweet spot for managers of mutual funds and ETFs, according to a new report from Cerulli Associates.