Commonwealth Financial Network launched a new committee for advisors, Women of Commonwealth, and hired a breakaway advisor from Merrill Lynch; Wealth Enhancement Group bought a Maryland team with $446 million in client assets; and NASAA released guidance on CE credits. Scroll down for more quick takes and people news from the week in financial advice.
Archives for 2021
Coming together to advance Black CPAs
Three leaders of the Black CPA Centennial’s organizing partners — whose everyday missions support and promote the advancement of Black CPAs — offer insights on the main barriers Black professionals face, the roles their organizations play in helping overcome those barriers, and what the CPA profession can do collectively to progress in achieving diversity, equity, and […]
Editor’s Column: Is buying Nutmeg a nutty decision?
Has someone at JP Morgan gone a bit hazelnut, I thought? Why buy a loss-making business that on most accounts has under-performed since it was launched nearly 10 years ago? And why buy into a sector, the robo-advice market, that most have already written off as failing to get off the launchpad. On reflection, however, […]
Morningstar and Dimensional launch automated managed accounts service for retirement planning
Morningstar Investment Management and asset manager Dimensional Fund Advisors are launching an automated managed accounts service for financial advisors and RIAs, to bring customizable planning and investment advice to clients in retirement plans. The platform expands the Morningstar Retirement Manager user interface to bring clients with smaller account sizes “high-quality, personalized advice at scale, just […]
7 Fast Facts to Make Giving Charitable Donations a Smooth Process
Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction. Knowing the ins and outs of small business charitable donations can help you better prepare for tax season. Read on to learn how to […]
Chartered Planner banned for £24m transfer failings
Chartered Financial Planner Darren Antony Reynolds has been banned from being a director for 13 years for pension transfer failings which resulted in clients losing £24 from their pensions. The adviser, 51, of Willenhall, West Midlands, was the sole director of Active Wealth (UK) Limited, an independent financial adviser. A qualified Chartered Financial Planner, he advised […]
Insider Versus Outsider: Navigating Top Data Loss Threats
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Get Back to Work
Welcome to the third episode of The Compound & Friends, a new podcast from your favorite financial and investing commentators. This week, Michael Batnick, Douglas Boneparth and Downtown Josh Brown discuss: ►Reactions to the latest Fed meeting ►Wall Street returns to the office ►Parent PLUS loans are screwed ►Rising wages ►Health benefits of coffee ►Economic […]
Stocks making the biggest moves in the premarket: Adobe, Smith & Wesson, Orphazyme & more
Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI) […]
Global wealth hits record in 2020 despite pandemic
Total global financial wealth soared by 8.3% in 2020 to a record £178 trillion despite predictions of a decline due to Covid-19, according to a new report by the Boston Consulting Group. Surging stock market performance and a spike in savings fuelled the wealth boom, according to analysis by the consultants. In the UK wealth […]