Wealth Think

Bad things can happen when advisory firm employees experiment with shiny new AI applications. An innocent "test drive" could trigger data breaches and compliance snafus.

Big aggregators could feel the heat if private equity continues to fund $500M to $1B-AUM firms.

Bankruptcies at First Brands and Tricolor should be a wake-up call for banks exposed to the private credit market. Banks should treat indirect lending to shadow banks as a high-risk activity that demands active oversight.

An expert adviser explains the many considerations to take into account before deciding on this as an option for employees.

A penny-ante approach to allocating digital assets may not be as risk-averse as it sounds.

How charitably inclined taxpayers can use donor-advised funds and other tax strategies to get ahead of the OBBBA's revised rules on charitable deductions.

Step away from the rote 30-second spiel. Instead, forge connections with advisory prospects based on trust, not tactics.

Prepping clients for natural disasters and climate emergencies should start with coverage and end with estate planning.

Accountants who advise private equity clients will want to be aware of what these mean for private equity sponsors and their portfolio companies.

Replacing outmoded wealthtech products and practices can not only save advisors time and effort but also boost a firm's bottom line.