Month: November 2023

[ad_1] Many people overlook the short- and long-term costs of financial caregiving, a growing problem that financial advisors and employers can help address, according to a new report by the TIAA Institute and the University of Pennsylvania School of Nursing (Penn Nursing). One in five adults now provide uncompensated care to loved ones with health… Continue reading New report highlights the financial impact of caregiving

[ad_1] High-net-worth clients are often extravagant spenders living well beyond their means. By contrast, “millionaires next door” are wealthy but typically frugal. But as Dustin Gale, senior wealth advisor at Kayne Anderson Rudnick, tells ThinkAdvisor in an interview, “I remind them that they can’t take it with them. They’re often living too conservatively and too… Continue reading Helping ‘Millionaires Next Door’ Build Their Assets and Spend Them

[ad_1] TRAFiX, a fast-growing capital markets software platform, plans to use the investment to accelerate product development for its global customer base NEW YORK, Nov. 2, 2023 /CNW/ — TRAFiX LLC (“TRAFiX” or the “Company”), a leading provider of order and execution management software (“OEMS”) and FIX connectivity solutions for the global capital markets, today announced… Continue reading TRAFiX Secures Strategic Growth Investment from Marlin Equity Partners

[ad_1] In November 2021, the voracious RIA consolidator Mercer Global Advisors boasted that it had bought fast-growing Atlanta firm ACG Wealth with $1.3 billion in AUM. The deal was led by Mercer’s high-profile dealmaker, Dave Barton, and brought aboard two ACG founders and 17 employees. The 19-year-old ACG’s creators said they needed the architecture… Continue reading Mercer Sues $1.3B Atlanta Firm It Acquired Two Years Ago

[ad_1] Jordan Belfort, aka “The Wolf of Wall Street,” is back and he’s got a lot to say about the long-term benefits of … index funds? No joke. The now-reformed former penny stock fraudster is out with a new book, “The Wolf of Investing,” in which he offers advice on how to safely invest for… Continue reading Jordan Belfort, the ‘Wolf of Wall Street’ is back on Wall Street

[ad_1] While various types of technology continue to be a resource for advisors, many advisors say asset management websites are not one of them. Results released Thursday from a J.D. Power survey of 2,500 financial advisors found that one-fourth of the advisors said asset management websites weren’t meeting their basic needs. Craig Martin, executive managing… Continue reading Asset manager websites ‘not keeping up with current trends’

[ad_1] While it seems it should be no problem to retire at age 65 if you’ve saved $2.5 million, a global pandemic, fluctuating financial markets and historically high inflation have shown that nothing in life is certain. It may seem like a large sum to retire with, but there are many variables to consider, including… Continue reading Can I Retire at 65 with $2.5 Million?