Advisors archive
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15 stories
- Tax & estate planning
Devenir: 52% of HSA assets were invested by June 30
Accounts with invested assets hold 59% of all HSA assets and average $23,837 combined, nearly nine times the funded deposit-only average.
- Tax & estate planning
Nationwide survey: nearly three-quarters of Gen Z changed or considered changing portfolios
About 24% of Gen Z respondents said they moved money into more conservative or lower-risk investments before the election, versus 13% of boomers.
- Tax & estate planning
Tax Foundation says Florida Amendment 3 would cut the local property tax base
The analysis says the amendment would leave the cost of local public services in place while removing a significant portion of that base.
- Recruiting & transitions
BofA cuts Ameriprise to Underperform, citing advisor exits and retention loan costs
Analysts lowered their price target to $445 from $570; shares fell 4.07% after BofA cut the rating Monday.
- Products & portfolios
Partners Group cuts fees on €6.6bn Global Value fund ahead of vote
Investors in the distributing fund will pay at least 25 basis points less for three years; holders in the compounding fund get up to 75 basis points off management fees through January 1, 2030.
- Recruiting & transitions
Osaic adds $2.3 billion ICG next from LPL, keeping firm's brand
The Wall Township, New Jersey firm has roughly 21 advisors, a Melville, New York office, and has almost tripled in size since 2019, according to the announcement.
- Products & portfolios
Mercer Advisors completes Aspen Investing rollout with in-house direct indexing
The platform, developed with Orion, lets advisors set per-client capital gains budgets and runs across Schwab, Fidelity and Raymond James custody.
- Products & portfolios
AssetMark adds two private equity interval funds, taking shelf to six
Calamos Aksia and StepStone funds can be held standalone or in unified managed accounts, where a $250,000 minimum applies to goals-based strategies.
- Practice management
InvestmentNews column: independent firms can develop associate advisors through strategic projects
An InvestmentNews opinion piece says a CRM conversion or vendor review can teach business judgment.
- Tax & estate planning
Betterment adds mega-backdoor Roth to its solo 401(k) platform
Advisers using Betterment Advisor Solutions get in-platform conversions, 1099-R reporting and automated tracking of contributions against annual limits.
- Recruiting & transitions
ICG next leaves LPL for Osaic with $2.3 billion and acquisition plans
The Wall Township, N.J., firm launched at LPL in 2019 and now has about 21 advisors; transition payments and payout terms were not disclosed.
- Practice management
Focus Financial Partners names Nevis its enterprise AI platform, starting with account opening
The mandate comes nine months after Focus began rolling out Jump's AI assistant to 800 advisors, and Jump is testing an account-opening feature of its own.
- Recruiting & transitions
Bank of America downgrades Ameriprise, questioning whether retention bonuses keep big teams
Analysts call RIA ownership economics a structural disadvantage the firm can't easily remedy; Ameriprise shares closed down 4.07% on Oct. 19.
- Tax & estate planning
Empower survey: 1 in 3 Americans may have lost track of an old 401(k)
Half of Gen Z and 45% of millennials say they may hold savings in a former employer's plan; 76% say step-by-step guidance would make them more likely to act.
- Tax & estate planning
Rockefeller family-dynamics head says trusts alone don't prepare heirs
Mallory Findley says parents should open with how the wealth was made and the values behind it, not the amount heirs stand to receive.
13 stories
- Tax & estate planning
Average Social Security COLA adds $75 a month in 2027; Fidelity suggests a planning review
A Fidelity viewpoints article published the day after the confirmation outlines three policy approaches to the program's long-term funding gap.
- Practice management
ShinyHunters claimed client data theft at Mercer and Beacon Pointe
Mercer says unauthorized access to systems holding client data is contained and law enforcement was notified; Beacon Pointe's state filing covered three Massachusetts residents.
- Recruiting & transitions
Two JPMorgan advisors leave with $18.6B to launch self-funded Latigo Peak
Jim Atwood and Phil Scott are opening in Palm Beach Gardens with 48 professionals and two custodians, Charles Schwab and BNY Pershing.
- Tax & estate planning
Edward Jones: 81% of financial caregivers for adults 65+ would sacrifice own financial security
Among the 84% of caregivers not fully reimbursed, out-of-pocket costs average $8,737 a year, the Harris Poll survey of 3,223 adults found.
- Recruiting & transitions
Phil Scott, Jim Atwood launch self-funded RIA with $18.6 billion
The founders own Latigo Peak Partners through ASO Meridian Holdings and will use Schwab and Pershing for custody and lending.
- Tax & estate planning
SoFi survey: women 25-45 rank investing 11th among money priorities
Thirteen percent of women named investing as a money priority versus 28% of men, and 45% chose paying down debt as their leading goal.
- Practice management
Ascensus expects 18 to 20 advisory firms on 401(k) referral platform within a year
The recordkeeper's tool flags 401(k) participants at job changes, rollovers and retirement, then routes them to the adviser already serving the employer's plan.
- Tax & estate planning
Bernstein's Jennifer Goode says childless clients are underserved in estate planning
Research cited by InvestmentNews shows childless adults have higher median net worth and are less likely to have a will.
- Practice management
Jarvis and Shilanski lay out a 30% profitability floor and client color coding
The framework divides money reaching the owner's tax return by everything the client pays, including fund expenses, and targets 30% or better.
- Products & portfolios
Sowell Management names Scott Dooley CIO and forms Office of the CIO
The North Little Rock RIA, with about $6.8 billion in client assets, is packaging research, portfolio construction and consulting as a service advisors can draw on piece by piece.
- Recruiting & transitions
Janney opens Houston office with four Raymond James advisors managing nearly $3.5B
The Edwards Fitzpatrick Group leads Janney's second Texas office; Rockefeller also added a Naples, Florida group from Truist.
- The Advisor's Note
Morningstar: Excluding long-term-care costs cuts U.S. retirement shortfall risk about 25%
Separate F&G and WTW surveys find 51% of pre-retirees plan semi-retirement and 36% of U.S. employees feel financially secure.
- Practice management
F&G finds 51% of pre-retirees plan to semi-retire rather than stop working
A same-day WTW survey found 36% of U.S. employees feel financially secure, down from 46% in 2019.
1 story
- Tax & estate planning
Morningstar research puts retirement shortfall risk at 40%-45%
Excluding long-term-care costs lowers that figure by about 25%, according to a Morningstar article and podcast excerpt.
2 stories
- The Advisor's Note
Mercer Advisors: roughly half of H1 2026 net new assets came from custodian referrals
S&P says the fees paid to custodian partners could limit Mercer's margin expansion, the cost side of a channel the firm says supplies half its growth.
- Products & portfolios
Morningstar says the ideal high-return, low-correlation ETF does not exist
Cheaper access to foreign markets pushed US and foreign stock correlations higher since the 1990s, the analysis finds.
9 stories
- Succession & selling a firm
MarshBerry tallies record 294 U.S. wealth advisory deals through September
Private-equity-backed acquirers took 72% of announced deals through Q3; the ten most active buyers took one-third of all announced transactions.
- Recruiting & transitions
Ameriprise adds three RBC teams with $1.2 billion; Wells Fargo adds $900 million
The RBC teams cited Ameriprise's technology platform and planning capabilities; Raymond James added a $245 million UBS team in Paramus, New Jersey.
- Products & portfolios
Fifth Third Wealth Advisors CIO overweights real assets as growth and inflation rise
The $7.8 billion RIA's average client household holds about $9 million; Osmond calls rising yields the biggest portfolio risk.
- Practice management
Nationwide survey: 56% of investors anxious about midterms' effect on savings
Forty percent of investors changed their retirement savings or portfolio ahead of the midterms, and 73% want an adviser to explain the election’s financial impact.
- Practice management
Mercer got roughly half of H1 2026 net new assets from custodian referrals
S&P says the referral fees paid to custodian partners could limit Mercer's margin expansion, according to its new credit-rating report.
- Tax & estate planning
Trust & Will announces Nevada-chartered trust company for sub-$10M clients
The digital estate-planning provider says it will offer no-minimum trust administration and target households below $10 million, a market its CEO says existing corporate trustees have left largely unserved.
- Practice management
Docupace launches Next 1.0; Focus Financial names Nevis its AI platform
Docupace says existing workflows and document history carry forward, while Focus made an undisclosed but “significant investment” in Nevis.
- Practice management
DeepVest launches PlanLab, taking its AI planning tool out of beta
The tool pairs an AI assistant with deterministic calculators for Social Security claiming, Roth conversions, RMDs and gifting, and can import an advisor's existing plan.
- Recruiting & transitions
Rockefeller hires $1.2 billion Truist team in Naples, Florida
The Kellam Group produced $7 million in revenue on $1.2 billion of client assets, per a source familiar with the move.