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As a result, financialadvisors should start honing the services Gen X members will likely benefit from the most, including retirement planning, estate and tax planning and mortgage refinancing. They also make up the second biggest client base for financialadvisors after baby boomers. trillion annually.
In the meantime, the buzz around AI continues to increase as well, less now about whether the tools will replace financialadvisors (they don't), and more about how advisory firms can better leverage the technology to be more efficient in serving clients.
Third-party model portfolios had $646 billion in assets under management as of March 31—an increase of 62% since June 2023, according to Morningstar. These are among the investment must-reads we found this week for financialadvisors.
In 2023, the United States’ National Health Expenditure (NHE) reached $4.9 Healthcare financialadvisors are invaluable in helping individuals tackle this complexity. They can build a more resilient financial strategy for retirement. trillion, equating to $14,570 per person, a 7.5% increase from the previous year.
They showed a slight preference for ETFs or trusts, with 28% of respondents citing them, followed closely by traditional brokerage platforms (24%), centralized exchanges (21%), custodial investment platforms accessible through their financialadvisors for digital asset investment (16%) and decentralized exchanges (10%).
Focus went public in 2018, and then private again in 2023 , when it sold to Clayton, Dubilier and Rice, and Stone Point Capital.) But what solidified my decision to move to LPL is their commitment to the communities they serve and the fact they offer various FinancialAdvisor Inclusion programs, like the Black FinancialAdvisor Community.”
While 98% of text messages are read within 3 minutes, the average financialadvisor email sits unopened for 6+ hours ( Wealthmanagement.com ). Modern clients expect instant responses, but most advisors remain stuck in outdated email-only loops. Why Aren’t Some FinancialAdvisors Texting Yet?
However, the most fulfilled advisors we work with are those who regularly reconnect with their “why.” Related: The Diamond Podcast for FinancialAdvisors: What It Takes to Become a Multi-Million-Dollar Producer • Have I defined what success looks like, and am I moving toward it?
Since 2023, the of RIAs who have acquired CPAs include Allworth Financial, Mariner, Nepsis, Savant Wealth Management and Sequioa Financial Group. Most importantly, for the client, we give them a holistic view of what they are doing in the investment landscape, and how that impacts their tax life.”
in 2023, according to a study by Ensemble Practice and BlackRock. Where should an advisor look to improve on this? A recent study by SmartAsset , a service for connecting consumers with financialadvisors, highlights the states around the country where advisors might have the most significant opportunities to attract new clients.
In 2023, he launched his own firm, Park Hill Financial Planning and Investment Management. “I One person who stood out to him “from day one” was Ilona Friedman, who started out working in various capacities at the firm before becoming a financialadvisor. " Brennan’s response?
In 2023, Fortune Brands Innovation’s Nicholas Fink remarked that: “[The average home is over 40 years old, and homes built during the early 2000s boom are coming into prime R&R [repair & remodel] age. Disclosure: Both the author and clients of Fortune FinancialAdvisors, LLC, own shares of Chemed. *
For example, in 2023, we discussed how an older car fleet would provide a long tailwind for auto parts retailers. Both the author and clients of Fortune FinancialAdvisors, LLC, own shares of Carrier. The post The Tailwind of An Aging Installed Base – HVAC appeared first on Fortune FinancialAdvisors.
A 2023 survey by Law Depot found that 73% of Americans didn’t have an estate plan. Finally, working with a trusted financialadvisor can make a big difference. An advisor can help you stay focused during market swings and avoid making emotional decisions that could hurt your long-term progress.
Facts About Donor-Advised Funds Here are some interesting statistics about Donor-Advised Funds from the National Philanthropic Trust's 2024 DAF Report : Total grants for 2023 were $55 billion Total contributions were $60 billion Total assets in Donor-advised funds rose to more than $250 billion in 2023 The DAF payout rate was 24% and has been above (..)
The graphic below shows the frequency of monthly returns (expressed in 1% increments) for a broad-market index of US stocks from January 1926–December 2023. Each horizontal dash represents one month, and each vertical bar shows the cumulative number of months for which returns were within a given 1% range (e.g.,
The Internal Revenue Service (IRS) adjusts FEIE exclusion amounts annually based on inflation, with the exclusion amounts for the past 5 years being as follows: Tax Year FEIE Amount 2025 $130,000 2024 $126,500 2023 $120,000 2022 $112,000 That said, the FEIE only applies to foreign earned income, with foreign passive income ineligible for exclusion.
While the S&P 500 has had three losing years during the past decade, the average return from 2013 to 2023 was a positive 12.39%. A financialadvisor can help you employ the best strategies for your circumstances and create a robust, volatility-resistant financial portfolio. The general trend of the market is upward.
Policy Implications and Investor Guidance GIFT City represents a shift in India’s economic and regulatory approach, offering a controlled environment to pilot liberal financial models. Strategic Recommendations Broaden Asset Classes: Expand beyond U.S. stocks to include ETFs, bonds, and funds from Europe, Asia, and emerging markets.
Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Checklist: Year-end Tax Planning Strategies Review the following tax strategies with your tax advisor and/or financialadvisor before the end of the year. million in 2023. million ($27.22
Diana Britton , Executive Editor , WealthManagement.com July 22, 2025 3 Min Read MicroStockHub/iStock/Getty Images Plus As mergers and acquisitions activity in the registered investment advisor space continues to break records, the RIA channel looks much different than just five years ago. Majority-Women RIA EP Wealth Acquires $1.2B
based on 2023 data: 2 In-home care: Home health aides typically charge around $27 to $30 per hour. Consult a financialadvisor: Planning for long-term care is a complex financial decision. link] Matt Lewis is a non-registered affiliate of Cetera Advisor Networks. Below are some average costs in the U.S.,
Featured Who we serve right-arrow arrow-sm-down left-arrow Back Who we serve We help our clients across financial services make confident decisions and power growth. New legislation introduced in 2023 proposes reinstating this benefit, but it has not been passed into law as of 2025. Newsroom The latest news and announcements.
If you combine 2023 and 2024, the S&P 500 was up 57%. Zoe Financial, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. Find your financialadvisor matches. Find An Advisor
John Davidson is a seasoned professional in the financial services industry, having served in various roles throughout his 44-year career. He was honored with NAIFA's Terry Headley Lifetime Defender Award in 2023, recognizing his significant contributions to the industry.
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Retirement portfolios are typically divided into three broad categories based on their tax characteristics: Taxed Pre-tax Post-tax Before reviewing the specifics of each category, remember that this blog is intended for informational purposes only and is not a substitute for personalized financial advice. Sources: 1.
Data from the Federal Reserves 2022 Survey of Consumer Finances (SCF) (released in late 2023) offers the most recent comprehensive snapshot of American household wealth. Find Your Wealth Advisor at Harness At Harness , our wealth and financialadvisors can guide you through major life stages and investment decisions.
Control Flow In my coaching work with financialadvisors , Ive developed a framework thats quite effective in getting results. Past 3 Words Here are my 3 words and their associated blog posts from previous years. And Ill be challenging myself to equate Slack with progress instead of just treading water.
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So, if you converted funds in 2022 and then again in 2023, the 2022 money becomes penalty-free in 2027, while the 2023 amount has to wait until 2028. But since these things can be pretty confusing, talking to a financialadvisor can be helpful to get some clarity. Alternatives to a Roth IRA early withdrawal 1.
From Policy to Portfolio: The Economic Impact of Tariffs On Thursday, June 26 th at 12pm Pacific Time, FinancialAdvisor Laurent Harrison, CFP® joined Bell Portfolio Manager Ryan Kelley, CFA® for a 45-minute webinar that covered the following topics: Financial Market Returns The U.S. My name is Laurent Harrison.
Keefe, who joined CoastalOne in June 2023 and led the firm through the rebranding, recently resurfaced at Independent Financial Group , a privately held independent broker/dealer in San Diego, as president and chief operating officer. Legacy is currently listed as a director and chief compliance officer at TradePMR, public filings show.
Here are some examples of the impact: 1 In 2023, Americans donated $557.16 Using a donor-advised fund for charitable giving or another financial vehicle can have a lasting impact on society and provide benefits to the donor as well. Just like the rest of your financial journey, optimized giving is complex and should follow a plan.
Clients connect with human advisors, especially those who prioritize human connection and things like understanding their goals and active listening. Teach and Work Through Complex Problems Financialadvisors do more than just manage investments.
Related: Practical Steps for Dealing with Artwork and Tangible Personal Property in an Estate On June 27, 2023, the Internal Revenue Service issued a Notice of Deficiency to the estate. Schedule M, in the “All other property” section, listed a specific bequest of $2.3 million to Maria. See more from Andrew B.
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Both 2021 and 2022 each had 14 upsets; there were 10 upsets in 2023 and nine in 2024, if only three in 2007. Last season’s UConn Huskies won a second consecutive title as a heavily favored top seed, unlike 2023 when they were a four. Between 1985 and 2024, there were 8.5 upsets per tournament (4.7
Administration for Community Living: 2023 Profile of Older Americans (May 2024), [link] (March 1, 2025). See Centers for Disease Control and Prevention, “Data and Statistics on Autism Spectrum Disorders” (April 2023), www.cdc.gov/autism/data-research/? CDC_AAref_Val=[link]. Caregiving in the U.S.
While 2023 got off to a bumpy start for many advisory firms, still smarting from a rough prior year of market returns (and volatile revenue), a relative return to ‘normalcy’ means that for most, the advisory business has reached whatever its new post-pandemic normal will be.
Leading to an expansion in various ‘niche’ conferences that specialize in particular challenges that advisors face as they follow the growth journey. Which, in turn, is spawning even more hunger for specialized practice management conferences in 2023.
For example, in 2023, we discussed how an older car fleet would provide a long tailwind for auto parts retailers. Both the author and clients of Fortune FinancialAdvisors, LLC, own shares of Carrier. The post The Tailwind of An Aging Installed Base – HVAC appeared first on Fortune FinancialAdvisors.
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