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This month's edition kicks off with the news that Morningstar Office will be shutting down in early 2026 as a part of Morningstar's ongoing effort to refocus on its core investment data and analytics business – forcing advisors currently using the tool to switch (which might be a net positive for many of those advisors who have long complained (..)
This month's edition kicks off with the news that digital estateplanning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which on the one hand reflects the anticipated enthusiasm for solutions that can help advisors efficiently (..)
Reporting & Portfolio Management: Orion JY: When Tucker and I bought the firm, they were already on Orion. We do some things, such as bulk uploads of quarterly systems or bulk uploads of invoices, and some of those things are a lot easier when Orion is our portfolio management system. We couldn’t do that necessarily with eMoney.
From Point Solutions to Seamless Intelligence For decades, our industry has relied on integrations—APIs painstakingly connected across custodians, CRMs, planning tools and portfolio management systems. But those connections are brittle, proprietary and sometimes dependent on manual intervention.
Estateplanning is one of the most important steps in securing your financial legacy, but its also among the most complex. Vanilla helps us create a clearer, more organized view of a clients estate by integrating their financial and legacy planning.
Davis Janowski , Senior Technology Editor, WealthManagement.com June 20, 2025 5 Min Read Dr. Naomi Win, a behavioral finance analyst at Orion, gave a presentation entitled, “Aligning Lives and Portfolios: Meeting the Moment for Modern Investors” at Wealth Management EDGE. Given the title, I was at first worried, but her talk was fascinating.
A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client.
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: All-in-one software platform Blueleaf has launched a new “aggregation-as-a-service” solution, promising better client data aggregation capabilities than existing solutions by automating the process of weaving multiple (..)
Due to the comprehensive nature of these plans, premiums are nearly four times higher than term policies and often don’t offer enough benefits to justify the sky-high rates. While these policies can accumulate a cash balance and investment opportunities, you can usually see more substantial returns through regular portfolio contributions.
The Imperative of EstatePlanning: Not Just for the Affluent Often, there’s a prevailing misconception that estateplanning is a luxury reserved for the wealthy elite. Real estateplanning is a crucial undertaking that every adult and family should prioritize.
Help her focus on immediate needs, pay bills, monitor cash flow and review her investment portfolio. This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estateplanning. Transformation is where she experiences new beginnings.
For high-net-worth individuals, continuously refining your strategy over time is what keeps your plan efficient and aligned with evolving goals. Have I reviewed my portfolio for tax-smart strategies like direct indexing or loss harvesting? Are my estatedocuments—POA, will, trust—current and goal-aligned?
Depending on a firms tech strategy, she wrote, advisors may have to log in to the CRM, custodian, portfolio accounting, planning software, tax planning software, estateplanning software, social security maximizer software, etc.,
Frontloading 529 Contributions Contributions to 529 plans can also be frontloaded or “superfunded”, allowing you to make up to five years’ worth of contributions in a single year without incurring gift taxes. Review Your EstatePlanning The end of the year can also be a practical time to take stock of your long-term estateplanning.
This flexibility allows for more sophisticated estateplanning strategies and continued tax-free growth throughout retirement. This flexibility becomes increasingly valuable as your retirement portfolio grows more complex. One of the Roth IRA’s most compelling features?
Aside from the legalities of estateplanning, this exercise is perhaps the single most loving and considerate document you can create for your family that they will forever be grateful for. Review this document annually and share it with your executor so that everything is crystal clear.
Your financial planning platform will ideally integrate well with other elements of the advisor tech stack, provide client-facing tools, enable account aggregation, and help organize the financial documents crucial to a financial plan. BISA Portfolio. Here, we explore these four aspects in depth. Sources: 1.
Due to the comprehensive nature of these plans, premiums are nearly four times higher than term policies and often don’t offer enough benefits to justify the sky-high rates. While these policies can accumulate a cash balance and investment opportunities, you can usually see more substantial returns through regular portfolio contributions.
Attorneys play a critical role in the financial planning process, particularly in estateplanning. They can draft wills, trusts and legal documents as well as represent clients during life transitions. . In financial services, you might encounter an LLM in tax or estateplanning. .
In advising clients over the years, we have seen the value of helping families buy into the longterm orientation essential to successful investing and portfolio management through all market conditions. During times of market volatility, such long-term planning enables clients to shake off an impulse to sell. Set hard numbers.
It details your current money situation and financial system, including investing, saving, retirement, and estateplanning. Create an estateplanEstateplanning is not something many people like to think about , but it’s essential! Your plan should be a physical document so everything is written down.
Each retirement plan may have its own rules regarding when and under what circumstances NUA is allowed. We recommend reviewing your plan’s documentation or consulting with the plan administrator to understand the specific triggering events. What Are The Risks of NUA?
In this article, we’ll dive into the many tax and financial considerations of buying and selling real estate, how real estate fits into estateplanning, and the role that a wealth manager or financial planner can play in guiding your decision-making. and Financial Planning for EstatePlanning.
They make it simple to donate to your favorite charity, and handle obtaining your tax documentation as well. Many of the estateplanning tools that are advantageous for large equity liquidity events can be applied to large crypto gains. We’ve seen crypto make up increasingly sizable portions of investment portfolios.
Others that require a more detailed response will either get forwarded to a teammate (financial planner or portfolio manager) who can research the answer, or scheduled to my calendar later in the day when I can focus on a response or call the client directly. Most emails only require a quick reply, which I’ll take care of right away.
You might have a webinar about planning for retirement, easy investments for beginners, or key estateplanning tips. You should keep clients updated about their portfolios, market changes, and anything that could affect their financial plans. A strong system to manage documents is very important.
and 2% A $500,000 portfolio could cost between $2,500 and $10,000 per year. and 2%, often decreasing as the size of the portfolio increases. The per-hour fee structure is often used by financial advisors offering advice on estateplanning; debt management; tax strategies; and Social Security claiming strategies.
As always we look to balance your assets between a liquid operating fund for current needs, a core investment portfolio for long-term preservation or appreciation, and an opportunistic pool for timely investments, taking into account your long-term investment objectives as well as any nearterm requirements for funds.
The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estateplanning and a host of other topics. Younger clients may be new to the requirement to pay estimated taxes, and many are actively building taxable, income-generating portfolios where traditional tax withholding does not exist.
We start with several articles on retirement planning: Why considering a client's retirement time horizon and spending flexibility could lead to more accurate (and often higher) safe withdrawal rates than the simpler "4% rule" Four unique risks retirees face when drawing down their assets, from sequence of returns risk to tax risk, and how financial (..)
Your personal preferences and the potential good your bequests can do are factors to think about in your estateplanning. What Is Estate Equalization? Basically, estate equalization is the process of helping ensure fairness in your estateplan, whether that means leaving all your primary heirs the same bequests or not.
Estateplanning is not just for the wealthy; it is essential for anyone who wants to ensure their assets are managed and distributed according to their wishes. Whether you own an elaborate portfolio or a single family home, having a comprehensive plan in place can protect your legacy and provide peace of mind for your loved ones.
NATE PENHA: Souter. SARA GRILLO, CFA: Those things happen though, when you would go in there and someone would pull a gun on… Did anybody ever Brandis a weapon on you?
Single women should develop a diversified investment portfolio that aligns with their risk tolerance, time horizon, and financial goals. Regularly review and rebalance your investment portfolio to ensure it remains aligned with your retirement goals and risk tolerance.
This means you should try to create specific buckets for your portfolio where youre matching future expenses and liabilities to specific corresponding assets. That way weve got most of our time horizons covered in a specifically structured financial plan and asset allocation. Prune the fat in your portfolio.
Healthcare emergencies, unexpected home repairs, or the sudden loss of a loved one can shake up even the best retirement plan. Make sure you have at least a basic estateplan in place. The documents youll need at a minimum may include a will, durable power of attorney, and a health care power of attorney.
Alternative investments cover a wide range of asset types, offering exposure to everything from private companies to real estate, fine arts, and even collectible cars. Many investors turn to alts for portfolio diversification and the potential for high-growth opportunities. What tax forms do alternative investments require?
Proposed Tax Law Changes Prompt EstatePlanning Review achen Mon, 09/12/2016 - 06:00 A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate. They are intended for the sole use of the addressee.
Proposed Tax Law Changes Prompt EstatePlanning Review. A plan to maximize a family’s financial legacy usually saves the most tax by leveraging the longterm compounding of investments outside of the taxable estate. Adopting a program of planning early, and monitoring that program, often brings the best results.
An essential step in estateplanning is making sure beneficiaries know all the responsibilities and challenges that accompany the management of increasing wealth. When an aging parent with an air-tight estateplan fails to prepare heirs for an inheritance, an act of kindness runs a high risk of backfire.
Given the complex nature of their portfolios, HNWIs require assistance from experienced financial planners who understand their unique situations and needs. Since HNWIs have complex and extensive portfolios, few can manage their wealth without assistance from a financial planner. Income Tax Planning.
This means you should try to create specific buckets for your portfolio where you’re matching future expenses and liabilities to specific corresponding assets. That way we’ve got most of our time horizons covered in a specifically structured financial plan and asset allocation. Prune the fat in your portfolio.
While it doesn’t always make sense to take a loss on investments, evaluate your portfolio and consider whether selling some poorly performing assets may make sense in your situation. If you did, there are more aggressive tax loss generating investments a financial adviser can introduce, such as customizable tax-loss portfolios.
Such protection can be a cornerstone for sound estateplanning. A discretionary trust can provide a means of multigenerational estateplanning by establishing how assets are passed on and reduce future generations’ potential estate-tax liability. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager.
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