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Mason received a 97-month prison sentence for defrauding clients of over $17 million. Mason, a former advisor who was barred from the industry, was sentenced to 97 months in prison and three years of supervised release for defrauding at least 13 advisory clients out of more than $17 million, according to the Department of Justice.
based accounting firm, is taking a page from large registered investment advisors by bringing together taxes and wealth management. The firm was created by co-founders Anthony Minopoli and Innovative CPA Group founders Charlie Smith and Lauren Shugrue.
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 Wisconsin-based Resonant Capital and QBCo will share clients across wealth and tax in an increasingly popular service model.
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. Concept of digital social marketing. Related: $2.2B It’s a two-part challenge,” Jayaraman said.
This robust capability will provide independent advisors seamless access to the most trusted institutional funds, enhancing both advisor and client investment optionality,” Jalina Kerr, head of advisor experience for Schwab Advisor Services, said in a statement.
As a result, financial advisors should start honing the services Gen X members will likely benefit from the most, including retirement planning, estate and taxplanning and mortgage refinancing. They also make up the second biggest client base for financial advisors after baby boomers. trillion annually.
In fact, they may be the missing piece in your clients’ portfolios—and AssetMark is betting big on that future. Michael joined AssetMark in 2010 and has held a number of leadership positions, including Head of National Sales and Consulting, Chief Client Officer, and President (2021–Present).
July 9, 2025 23 Slides START SLIDESHOW hudiemm/iStock/Getty Images A big industry focus these days is on organic growth; many stress that if advisors can crack the code and grow their client base, they can gain a competitive edge. New client AUM grew on average 7.5% in 2023, according to a study by Ensemble Practice and BlackRock.
While the SEC has not released a formal proposal (which would likely offer advisers and other interested parties a chance to air their views on the issue), such a move could prove frustrating for firms forced to switch to state registration (particularly those with clients spread across state lines) as it would potentially require affected RIAs to (..)
Which could prove to be a boon for the financial advice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?). Read More.
Related: Planning for Older Clients and Those with Disabilities Many GRATs include a so-called “swap” power in which the grantor is permitted to substitute assets of equivalent value with the GRAT. Handler is a partner in the Trusts and Estates Practice Group of Kirkland & Ellis LLP.
We will be launching their new client portal here shortly this summer. We have one firm that we acquired, GMAG , that uses Addepar, and it’s incredibly important to their client experience. The advisor experience and transitioning clients to their financial planning portal are heavy lifts that directly impact the end client.
on Tuesday with a series of workshops focused on alternative investments, artificial intelligence and high-net-worth clients. The panels centered around a general theme of growth, whether how to diversify portfolios to grow, strategies to boost AUM and clients and AI best practices to improve an advisors' business.
(riabiz.com) A round-up of recent financial advisortech news including Holistiplan's estateplanning module. theirrelevantinvestor.com) How client expectations are changing. kitces.com) What it means to be a great adviser to retired clients. thinkadvisor.com) A year-end taxplanning checklist.
Overlay management services implement clients’ investments through a professionally managed diversified portfolio, including tax strategies. Bringing these services in-house gives us greater flexibility to innovate based on the needs of our clients,” Edward Jones Principal Russ Tipper said in a statement. “We
Forty-four percent cited both access to institutional-grade products and help navigating crypto tax regulations and reporting requirements. Moreover, 48% said they would like customized portfolio allocation strategies, and 46% are looking for secure custody and asset protection recommendations.
morningstar.com) Frazer Rice talks with Brandon Rains of the Rains Law Firm about the challenges of estateplanning. blogs.cfainstitute.org) Taxes When it comes to taxplanning, what you need to know about the BBB. riabiz.com) Not every client touchpoint has to be personalized. wealthmanagement.com)
RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth Jalina Kerr of Charles Schwab shares how the most adaptive firms are expanding beyond portfolio management, into areas like estate and taxplanning.
Estateplanning is one of the most important steps in securing your financial legacy, but its also among the most complex. Understanding how assets will be distributed, navigating tax implications, and aligning these decisions with your personal goals can feel overwhelming.
Ratner June 11, 2025 2 Min Read A client whose estate will remain non-taxable after 2025 has a policy in an irrevocable life insurance trust (ILIT) that was presumably purchased for estatetax liquidity.
Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B 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 Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B
Estateplanning. Tax strategies. Succession planning. In the race to stand out, many financial advisors have expanded their service offerings. Insurance consulting. The thinking is simple: More services signal more value.
Tax deductions can save you thousands annually by reducing your taxable income through legitimate business expenses. Understanding these deductions is more critical than ever as tax laws evolve, presenting new opportunities for savings. Understanding this distinction is crucial for maximizing your tax benefits effectively.
And find the entire musical playlist of all the songs I have used on At the Money on Spotify TRANSCRIPT: Speak to any financial advisor and they’ll tell you one of the biggest challenges they have professionally is getting clients to actually spend their money after decades of working and saving and investing. You can get, uh, a.
In this episode, we talk in-depth about how Ed identified the 1986 Tax Reform Act as an opportunity for him as young accountant to dig into the new rules regarding IRAs (that older accountants weren’t interested in touching), how Ed was able to significantly raise his fees in his accounting practice with little pushback from clients by focusing (..)
Which could create opportunities for firms to seek opportunities to move 'upmarket' by trying to add new HNW clients who might not have an advice relationship (or whose current advisor doesn't provide sufficiently comprehensive service).
Unexpected events can derail your progress toward your goals and even your financial security if you don’t have a plan for managing them. Financial planning should ideally involve every area of your financial life because they are all interrelated. Taxplanning. Estateplanning. Taxplanning is crucial.
Plan Your Tax Strategy Work with a financial advisor to optimize your tax situation. This could include leveraging tax-advantaged accounts, maximizing deductions, or planning for capital gains. Update Your EstatePlan Help ensure your legacy is protected by maintaining an up-to-date estateplan.
These events may affect your investment approach, taxplanning strategies, insurance needs, and estateplanning documents. Without periodic evaluations, it’s possible for parts of your plan to become misaligned with your current circumstances.
Rising incomes, complex tax rules, countless investment options, and growing aspirations have made personal finance decisions more challenging than ever. This is where competent, ethical, and client-first financial planners step in. In today’s fast-changing financial world, one thing is certain—people need guidance.
Financial advisors should take these factors into account to ensure their clients receive the right experience. This article will discuss some of the most pivotal financial planning industry trends to watch out for this year. For example, a clients investment choices should align closely with their tax strategy, too.
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. Your current and projected future tax rate is often a main component of the decision, but there are other considerations and benefits as well. 4 key benefits.
A fiduciary advisor is a financial professional who is legally obligated to act in the best interest of their clients. A fiduciary must always prioritize their clients’ needs above their own interests and mitigate or disclose any conflicts of interest that may arise. What is a fiduciary advisor? Not all advisors are fiduciaries.
For high-net-worth individuals, continuously refining your strategy over time is what keeps your plan efficient and aligned with evolving goals. This guide consolidates what we’ve learned to help you refine, update, or pressure-test your current retirement and estate strategy with confidence.
Depending on a firms tech strategy, she wrote, advisors may have to log in to the CRM, custodian, portfolio accounting, planning software, taxplanning software, estateplanning software, social security maximizer software, etc.,
She cites ETFs’ accessibility, transparency, liquidity, tax efficiency and low cost. Regardless of where inflation is at, clients should own a piece of gold or natural resources. John Davi, CEO and founder, Astoria Portfolio Advisors, encouraged advisors to use passive strategies in areas that can’t be beat.
Maintaining a consistent client experience while growing. Transitioning clients between advisors and managing referrals who come to the firm expecting to work with the boss. Keen Wealth’s checklist-driven financial planning process. And then pivoting over into, ‘Who does your taxes? Do you have an estateplan?
Comprehensive Financial Planning is Included Many AUM advisors charge extra for estateplanning, tax strategies, and retirement planning. A flat-fee financial planner includes these services in a transparent pricing model. Are There Any Benefits to AUM-Based Advisors?
This model appeals to those who seek to maximize their payouts or invest in their practices in the areas most important to their client needs. They offer a turnkey solution to empower advisors to serve their clients and grow their business within an RIA model, without the burden of building and maintaining their own platform.
The post Tax-Free Transfers from Your IRA to Charity: A Smart Financial Strategy appeared first on Yardley Wealth Management, LLC. Tax-Free Transfers from Your IRA to Charity: A Smart Financial Strategy At Yardley Wealth Management, we understand that many clients want to make a difference while also securing their financial future.
But, to a growing segment of clients and prospects, these investments are almost as important as their 401(k)s. How advisors can help clients properly value, insure, and document their collections The tax implications of buying, selling, and trading collectibles. Fractional collectible investments.
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