Over the past few decades, advicers have used Monte Carlo analysis tools to communicate to clients if their assets and planned level of spending were sufficient for them to realize their goals while (critically) not running out of money in retirement. More recently, however, the Monte Carlo “probability of success/failure” framing has attracted some criticism, […]
Archives for 2024
Pensions and anti-poverty campaigner Frank Field dies at 81
Former Labour minister and lifelong pensions and anti-poverty campaigner Frank Field, Lord Field of Birkenhead, has died at 81 after a long battle against prostate cancer. Mr Field was known for his fierce but intelligent and radical comments and proposals on pensions and welfare. In the pensions sector he was best known as chair of […]
FTC issues noncompete ban as lawsuit looms
The prohibition would be on most contract provisions meant to keep emplolyees from taking jobs with competitors.
Draft of Form 1099-DA for reporting digital asset transactions released
The draft form, which when finalized will be used by brokers to report digital asset transactions, reflects the language of the proposed regulations, including a broad definition of “broker.”
#FA Success Ep 382: Helping Clients Stay The Course With A More Total Relationship Approach To Their Near-Term Cash Flow Needs, With Tyson Ray
Welcome everyone! Welcome to the 382nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Tyson Ray. Tyson is the CEO of FORM Wealth Advisors, a hybrid advisory firm based in Lake Geneva, Wisconsin, that oversees approximately $900 million in assets under management for just over 800 client households. What’s unique […]
More ex-First Republic advisors exit JPMorgan for smaller firms
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
Assessing Payouts And Platform Fees For Profitability When Choosing An Independent Advisor Platform To Affiliate With
Broadly speaking, there are 2 models of working as a financial advisor: operating independently as a firm owner or with a large affiliate platform such as a wirehouse broker-dealer, independent broker-dealer, or larger corporate RIA. Deciding which model to work under is a key moment in beginning or evolving a career as an advisor. In the […]
Pro-China party reportedly wins big in the Maldives, likely accelerating its shift away from India
The outcome is widely expected to accelerate the Indian Ocean archipelago’s shift toward China and away from its traditional ally of India.
Merrill leaps back into recruiting with $3.5B team from JPMorgan
An industry recruiter said the Bank of America subsidiary has become almost “unhinged” with the amount of money it’s willing to offer advisors it’s recruiting.
Updated FAQs provide details on phase-in timing of BOI access
The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.