Wealth management

After hiring Kara Murphy, the wealth manager aims to roll out investment management research and modeling tools for more than 2,400 advisors.

(Bloomberg) — An unpleasant surprise for wealthy Americans lurks halfway through a 114-page document released by the U.S. Treasury late last month.

Amerant Bank has invested $2.5 million in Marstone to provide a digital alternative to personal wealth advisors for new and existing clients. The technology "gets planning capabilities into the hands of any customer that wants them," says Jerry Plush, the Florida bank's new CEO.

These individuals have unique life experiences that shape who they are and planning for their financial goals requires an understanding of their distinct challenges, writes advisor Harry Gittelson.

Here's what you missed in wealth management.

The billionaire put into his account pre-IPO shares of Paypal, Facebook and Palantir valued at just $0.001, which then exploded in value.

Aiming for financial goals is helpful when it comes to paying off debt and building strong finances. But how much money is enough to feel affluent?

The No. 1 IBD added to its record headcount with the third billion-dollar move it unveiled in a two-week span.

After China’s crackdown on Bitcoin, some investors are worried. Advisors have ways to ease their concerns.

The company is buying financial-literacy startup PayGrade, which makes a virtual banking and investing product used by K-12 schools.

House Democrats in high-tax New York, New Jersey, enlist help from firefighters, teachers and other union members to repeal the $10,000 SALT cap on deducting state and local taxes, including property taxes.

The ultra-rich have direct access to asset classes, including private markets and Bitcoin, that other investors, including mass affluent ones, don't.

How the pandemic is accelerating trends in financial advice and changing the way Americans manage their money.

The first annual award will identify and celebrate young RIA professionals and career changers who are advancing the industry.

A top priority of the firm since 2018, advisors will financially be able to paperlessly open new accounts in June.

Shifts in education, work and homeownership mean those born between 1980 and 1995 have more student loans but they also have about 25% more in financial assets than their parents did at their age.

Advisors who use at least two of the services will receive discounted pricing.

The move for the company’s primary advisory accounts will cut costs for clients and build its fee-based business, President Elizabeth “Libet” Anderson says.

Each time Edelman made a deal with investors in his advisory firm, he carved out a strategic payout for himself and a profit stake in the new entity.

The lead founder of Edelman Financial Engines, the largest independent advisor in the country, has surprising lessons about selling his 'clients first' firm to private equity investors.