(Bloomberg) — An unprecedented wealth shift in the coming decades could disproportionately benefit America’s wealthiest families, boosting their fortunes by trillions of dollars, according to a report. July report From Visa Inc. Three-quarters of what baby boomers are expected to inherit are in the top 10% of household net worth, the report found. “This is […]
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(Bloomberg) — Warren Buffett of Berkshire Hathaway Inc. Shares are increasing the pace of their annual donations to charities run by his three sons, putting him on track to divest his stake in the company entirely over the next eight years. For the first time in two decades, Buffett decided to skip his mid-year donation […]
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Somewhere in a client file now, a will was signed in 2014. The names of the beneficiaries refer to previous marriages. No Lasting Power of Attorney. The client knows all this and the consultant. However, the documents are not updated. It’s the lack of awareness that keeps customers stuck. The real hurdle is compliance, or […]
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LPL Financial has acquired HighWater Wealth, a $2.4 billion asset advisory firm based in San Diego, from US Bank. The group has joined Quotient Advisor Partners, LPL’s regulatory jurisdiction office. The Haywater team includes Christian Forster, Mike Ruckus, Falco Hornike, Tim Davidson and Brian Riesman. They focus on providing multi-generational office services to high net […]
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Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, Wealth Management RPA Channel Contributing Editor, reviews all of the industry news from the past week and picks the five most important/interesting stories. Must read: Read the full transcript below. Hello and welcome to this week’s edition of 401k Real Talk. This is […]
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(Bloomberg) — Morgan Stanley’s IPO banks aren’t the only ones benefiting from the frenzy of companies going public in recent weeks. The bank said it pulled in $148 billion in net new assets in the second quarter, more than half of which was tied to IPOs. press release Wednesday. SpaceX broke the record List It […]
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As if charitable remainder annuity trusts weren’t complicated enough, now there’s another reason to be careful when implementing one as part of a client’s estate plan. Done properly, CRATs can be powerful tools to provide income streams to individuals before distributing assets to charity. Taxpayers receive an immediate income tax deduction equal to the future […]
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Michael Kitts has spent years studying what drives satisfaction among financial advisors, focusing on personal well-being and professional fulfillment beyond hard performance metrics. His latest research, the 2025 Advisor Wellbeing Study, shows how advisor happiness has changed in recent years and what the changes are driving. Based on responses from across the industry, the survey […]
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The Trump administration recently announced 2026 Unified Regulatory AgendaEach agency, including the Treasury Department, will detail ongoing and upcoming regulatory projects they plan to work on in the coming months. The Treasury’s agenda is mostly focused on implementing the provisions of the Big Beauty Bill, but it also includes a number of things related to […]
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Growing a consulting firm requires more than attracting new clients. It requires clarity around the type of business you want to build, the systems that support it, and the people who will help drive it forward. How do you decide if growth, independence or a different path is right for your organization? How to create […]
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