DOL Opens Door for Crypto in 401(k)s
Wealth Management
MAY 28, 2025
The Department of Labor rescinded its 2022 guidance cautioning against cryptocurrency in 401(k) plans, reaffirming a neutral stance on digital assets in retirement accounts.
A Recordkeeping Checklist For Financial Planning Services: Proactive Documentation Of Service Delivery To Reduce Regulatory Scrutiny
Nerd's Eye View
DECEMBER 18, 2024
For investment management services, documenting the entire client engagement – such as onboarding, reviewing and recommending portfolio adjustments in line with collected suitability information, opening and funding accounts, conducting periodic reviews, and rebalancing – can help clearly evidence the services provided.
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Your Accounting Expertise Will Only Get You So Far: What Really Matters
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Recognizing Emotionally Invested Team Members And Nurturing “Emotional Ownership” For A More Resilient Firm
Nerd's Eye View
DECEMBER 9, 2024
Team members who feel a sense of emotional ownership can be a tremendous asset to the firm, driving productivity, innovation, and leadership. Mentoring legal owners to fully embrace their roles can also guide them toward greater accountability and leadership within the firm.
What To Do When Gifts To Minors No Longer Fit: Adjusting UTMAs, 529 Plans, And Trusts When Family Goals Don’t Align
Nerd's Eye View
FEBRUARY 26, 2025
However, once a child reaches the age of majority, they may not always be in a position to manage assets responsibly. In these cases, parents may wish to adjust how gifted assets are structured to better align with their family's long-term goals. Read More.
The Evolution of the UMA
Wealth Management
AUGUST 5, 2025
Brian Marchiel August 5, 2025 4 Min Read Donny DBM/iStock/Getty Images Plus The unified managed account has undergone a quiet but powerful evolution over the past two decades as managed accounts continue their journey to client centricity. From Product Convenience to Coordinated Accounts UMA 1.0 Yet progress here remains slow.
Innovative CPA Group Launches RIA To Capture Client Wealth Management Demand
Wealth Management
JULY 17, 2025
based accounting firm, is taking a page from large registered investment advisors by bringing together taxes and wealth management. Minopoli, who is also a partner in the new RIA, had previously been the chief investment officer of a team managing a $30 billion portfolio for the Knights of Columbus Asset Advisors.
Kitces & Carl Ep 155: How Do You Know You Are Adding Value Versus Just Trying To Justify Your Fees?
Nerd's Eye View
JANUARY 9, 2025
On the other hand, the term "financial advice" often refers to much more than asset allocation and wealth management. This principle extends across many aspects of a firm's value proposition, from client newsletters to account log-in frequency to other common metrics of interest.
Lawler: Federal Reserve Earnings Still Running Negative; No Remittances to Treasury for a While
Calculated Risk
MARCH 4, 2025
The reason, of course, is that the Federal Reserve funded the bulk of these long-term fixed rate assets with increases in interest-bearing very short-term liabilities mainly depository institution deposits (reserves) and repos --with interest rates tied to the federal funds rate. release, and is available in the FRED database.
Vanguard Plans First Junk ETF as JPMorgan Heats Up Active Race
Wealth Management
JULY 2, 2025
But it faces stiff competition: just last week, JPMorgan Asset Management — which ranks as the fastest-growing asset manager — launched its first active high-yield ETF with a $2 billion investment from a mystery anchor. Active is 10% of ETF assets now — lots of room to grow.” Junk-bond ETFs have attracted roughly $11.6
GeoWealth Raises $38M in Series C Funding Led by Apollo
Wealth Management
AUGUST 4, 2025
David Bodamer , Editorial Director , WealthManagement.com August 4, 2025 3 Min Read GeoWealth, a Chicago-based turnkey asset management platform, raised $38 million in Series C funding led by Apollo. Morgan Asset Management also participated in the Series C funding. 4, 2025) 11 Investment Must Reads for This Week (Aug.
Fed's Flow of Funds: Household Net Worth Decreased $1.6 Trillion in Q1
Calculated Risk
JUNE 12, 2025
The Federal Reserve released the Q4 2024 Flow of Funds report today: Financial Accounts of the United States. This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) The third graph shows household real estate assets and mortgage debt as a percent of GDP. Household debt increased 1.9
#FASuccess Ep 416: Avoiding The Compliance Headaches When Going RIA By Choosing A ‘Supported Independence’ Corporate RIA Platform, With Fran Toler
Nerd's Eye View
DECEMBER 17, 2024
Fran is the CEO of Toler Financial Group, an RIA based in Silver Spring, Maryland, that oversees nearly $200 million in assets under management for 280 client households. Welcome to the 416th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Fran Toler.
Helping Clients Understand When They Have Enough Retirement Savings To “Coast FIRE” (And Keep Working Without Necessarily Contributing More)
Nerd's Eye View
JUNE 25, 2025
Such clients could include diligent savers (particularly those with additional savings outside of retirement accounts) or those who have received a windfall, such as from a workplace liquidity event or an inheritance. changes to the client's spending, real rate of return, or retirement date) and psychological risks (e.g.,
The Fed's Financial Accounts: What Are Uncle Sam's Largest Assets?
Advisor Perspectives
JUNE 18, 2025
But what about the assets? What does Uncle Sam actually own, and which asset is the largest? When we think of the U.S. government's finances, we often focus on the massive debt.
Using Section 351 Exchanges To Tax-Efficiently Reallocate Portfolios With Embedded Gains
Nerd's Eye View
MARCH 12, 2025
Following the long run-up in the US equity markets since the bottom of the 2008–2009 financial crisis, many investors with taxable investment accounts have likely found themselves with high embedded gains in their portfolios. While the gains signal portfolio growth, they also create challenges for ongoing management.
Lawler: Some Observations on the Federal Reserve’s Balance Sheet Wind-Down and Reinvestment “Strategy” (Still in Quantitative Easing Mode, Just Less So)
Calculated Risk
MARCH 11, 2025
Most of these gains in Treasury and Agency MBS assets were funded with increases in very short duration interest-bearing Federal Reserve liabilities, mainly deposits of depository institutions (reserves) and Reverse Repos. of marketable Treasury bills outstanding at the end of February, and Treasury bills accounted for a measly 4.7%
The Diamond Podcast for Financial Advisors: 10 Ways Top Advisors Are Growing Their Businesses
Wealth Management
JUNE 26, 2025
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all businessmen around table RPA Operating On The Record Keepers’ Efficient Frontier Operating On The Record Keepers’ Efficient Frontier by Warren Cormier (..)
Why Gen 2 Advisors Are a Flight Risk
Wealth Management
JULY 18, 2025
Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo Brennan’s experience is indicative of many young advisors working in the RIA space. Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B
Pennsylvania Advisor Who Used Client Funds on Country Club Dues Gets 8 Years in Prison
Wealth Management
JUNE 26, 2025
Between 2014 and 2024, Mason transferred client funds into his own accounts and those of the two entities without clients’ authorization, according to the SEC. Mason, who ran Rubicon Wealth Management, a registered investment advisor in Gladwyne, Pa., He pleaded guilty to all of the criminal charges.
Case-Shiller: National House Price Index Up 3.6% year-over-year in October
Calculated Risk
DECEMBER 31, 2024
Luke, CFA, Head of Commodities, Real & Digital Assets. Accounting for seasonal adjustments shows a broader rally across the country. Two markets have dominated the top ranks with New York leading all markets the past six months and San Diego the six months prior.
Types of Savings Accounts to Consider for Your Children
Financial Symmetry
APRIL 14, 2025
Each of these account types has its pros and cons, which I have outlined below. Once you open this account, it functions the same way as every other bank account does for deposits and withdrawals, and you can order a debit card for your child once they get older for spending purposes.
Financial Planning For Freelancers: 8 Tips To Budget And Save
Clever Girl Finance
DECEMBER 23, 2024
As a freelancer, youre your own boss, accountant, and financial planner all rolled into one. Be sure two open separate bank accounts e.g. your personal bank accounts should be separate from your business bank accounts. Keep funds separate Maintain separate accounts for your personal emergency fund and business savings.
Can You Live Off Dividends In Retirement?
Darrow Wealth Management
FEBRUARY 9, 2025
When investing in dividend stocks, bonds, or funds, a higher dividend yield may make an asset look more attractive, but this metric alone doesn’t make a worthwhile investment. In another words, if your asset allocation is 60% stocks and 40% bonds, the current weighted average yield is 2.19%. Also consider state tax implications.
At the Money: Matt Hougan on Crypto Technology
The Big Picture
JANUARY 8, 2025
Fulltranscript below. ~~~ About this weeks guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. His firm runs over $10 billion in client crypto assets. He’s the chief investment officer at Bitwise Asset Management. What is Bitcoin?
LPL Closes Commonwealth Deal, Pushes Final Integration to Q4 of Next Year
Wealth Management
AUGUST 1, 2025
based independent broker/dealer which has 3,000 advisors and $305 billion in assets, for a purchase price of about $2.7 On an earnings call Thursday evening, President and CFO Matt Audette said his firm expects to move Commonwealth assets onto the LPL platform in the fourth quarter of 2026, a little later than its original timeframe.
Recognizing and Avoiding Emerging Fraud Tactics: What You Should Know
Tobias Financial
JUNE 18, 2025
At Tobias Financial Advisors, the security of your assets and peace of mind are of utmost importance. Victims are coerced into transferring funds or purchasing gift cards to “secure” their accounts, often under high pressure and with emotionally charged language. Key Steps You Can Take: Pause before acting.
SMArtX Unveils New Semi-Liquid Fund Functionality in its UMA
Wealth Management
JULY 31, 2025
These options can be integrated alongside ETFs, mutual funds, SMAs and direct indexing within a single tax-managed custodial account. Related: Zephyrs Adjusted for Risk: Growth Strategies at Gabelli Funds Earlier this year, SMArtX partnered with BondBloxx to construct and distribute multi-asset model portfolios to financial advisors.
Unlocking Estate Planning Potential with Carried Interest
Wealth Management
JULY 30, 2025
Despite accounting for the majority of most GPs’ compensation, carried interest (carry) is often overlooked in estate planning conversations. Treating it like any other asset overlooks its unique structure and timing. Its value is uncertain, its mechanics are complex and its future is clouded by political attention.
Fed's Flow of Funds: Household Net Worth Increased $0.2 Trillion in Q4
Calculated Risk
MARCH 13, 2025
The Federal Reserve released the Q4 2024 Flow of Funds report today: Financial Accounts of the United States. This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc.) The third graph shows household real estate assets and mortgage debt as a percent of GDP. Household debt increased 3.1
At the Money: Meb Faber on Tax Aware ETFs
The Big Picture
DECEMBER 4, 2024
The fund runs 15 ETFs and manages nearly 3 billion in assets. First one maybe about a decade ago, but you’ve really seen it with mutual fund ETF conversions, separate account ETF conversions, and what we’re announcing is an open enrollment. Most of it just assumes you’re in a separate account.
Creating An Alternative Custody Fee Model To Offer Advisors Better Fiduciary Alignment
Nerd's Eye View
AUGUST 6, 2025
highest -yielding cash sweeps, lower-cost investment products) to attract advisors and their clients to the platform to pay the fee (and thus grow their own assets). In turn, custodians would be incentivized to better 'stock the shelves' of their custodial platform with unique offerings (e.g.,
Intra-Family Loans as a Planning Tool
Wealth Management
AUGUST 12, 2025
These loans are particularly attractive because they: Allow clients to lend any amount, regardless of the borrower’s credit or assets. Serve as a wealth transfer vehicle, especially when used to finance appreciating assets like real estate. 12, 2025) 11 Investment Must Reads for This Week (Aug. Susie earned her B.S.
How RIAs Can Launch A Private Fund: Legal Requirements And Common Missteps
Nerd's Eye View
DECEMBER 4, 2024
For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more diverse range of assets. generally those with over $200,000 of income or $1 million in net worth) are allowed to invest in private funds.
10 High-Income Tax Planning Strategies to Complete Before 2025: A Year-end Checklist
Harness Wealth
NOVEMBER 12, 2024
Fully Utilize Tax-Advantaged Retirement and Savings Accounts There are multiple steps you can take using retirement accounts to reduce your taxable income. Contribute to Tax-Advantaged Retirement Accounts Do your best to fully contribute to one or multiple tax-advantaged retirement accounts, such as 401(k), 403(b), or IRAs.
Which Roth Account Is the Right Scoop for You? Ep #245
Financial Symmetry
AUGUST 12, 2025
This week, we get into a topic that confuses many investors: deciding which type of Roth account—Roth IRA, Roth 401(k), or the Mega Backdoor Roth 401(k)—is the best option for their needs. The Vanilla Classic One of the most common questions financial professionals hear every summer is “Which Roth account is right for me?”
Weekend Reading For Financial Planners (November 23–24)
Nerd's Eye View
NOVEMBER 22, 2024
Also in industry news this week: Why the announced acquisition of RIA custodian TradePMR by retail brokerage firm Robinhood could prove to be a boon for RIAs on TradePMR's platform, who could receive a wave of referrals from Robinhood's massive base of next-generation retail clients How Morningstar is cutting the "Medalist Ratings" of thousands of (..)
When is the Best Time for a Roth Conversion?
Darrow Wealth Management
APRIL 21, 2025
While a Roth conversion may never make sense for some individuals, for others, early retirement years may be the best time to convert pre-tax accounts to tax-free Roth. This approach typically provides greater benefits to those who have significant assets and high taxable income in retirement.
Case-Shiller: National House Price Index Up 3.9% year-over-year in December
Calculated Risk
FEBRUARY 25, 2025
Luke, CFA, Head of Commodities, Real & Digital Assets at S&P Dow Jones Indices. After accounting for seasonal adjustments, our National Index pushed forward to achieve a 19th consecutive all-time high, Luke continued. National home prices have risen by 8.8% San Francisco is now 11.0%
At the Money: Matt Hougan on Responsible Crypto Investing
The Big Picture
NOVEMBER 26, 2024
Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. His firm runs over $10 billion in client crypto assets. How can investors get exposure to the space? Matt Hougan : Yeah. All of them.
Smallcap stock jumps 9% after company announces strong Q1 business update
Trade Brains
JULY 4, 2025
8,104 crore, while the rest of the states combined accounted for Rs. A key highlight of the quarter was the improvement in asset quality. The monthly accretion rate of PAR 15+ to Assets Under Management (AUM) has shown a steady decline across most states, indicating improved collection efficiency and stronger borrower discipline.
All the Tax Benefits You Need for Your Small Business
Harness Wealth
APRIL 17, 2025
As Gio Bartolotta, Partner at GoJo Accountants , explains “ordinary” means the expense must be common and accepted within your trade or business, while “necessary” indicates it should help or be appropriate for running operationsnot necessarily indispensable.
The WealthStack Podcast: Unlocking Private Markets with AssetMark's Michael Kim
Wealth Management
JUNE 27, 2025
He began his career in public accounting at Coopers & Lybrand, LLC. Michael was instrumental during AssetMark’s leveraged buyout transition to Genstar in 2013, its sale to Huatai Securities in 2016, its IPO in 2019, and its sale to GTCR in 2024.
AI and Ethics: A Double-Edged Sword for Wealth Management
Wealth Management
JULY 31, 2025
Wealth managers will play a considerable role in helping current asset holders plan and facilitate this unprecedented reallocation of wealth. A lack of accountability and a clear AI decision-making framework are two key factors limiting AI adoption today. Raymond James Practice Mercer Advisors Lands $1.2B
The Digitally Borderless Society Is Coming—And Faster Than We Think
Wealth Management
JULY 2, 2025
Advisor-facing agents auto-populate account forms, flag missing items, and confirm custodian requirements on the fly—all without human intervention. What would normally require a lengthy back-and-forth of data entry, PDF uploads, manual reviews, and e-signature coordination becomes near-instant. This isn’t automation for automation’s sake.
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