Month: November 2023

[ad_1] A sick person is unequivocally advised to see a doctor instead of self-diagnosing his illness, a broken water pipe needs a plumber to get fixed and a faulty wire connection needs an electrician for its repair — the same way, an investor who wants to invest in securities and mutual funds is recommended to… Continue reading Who is a Sebi-registered investment advisor and why should retail investors count on them over finfluencers?

[ad_1] It’s tough for reverse mortgage industry professionals out there: high interest rates, less beneficial terms for borrowers, and a challenging economy mean origination volume is hard to come by. How to frankly assess these challenges while maintaining valuable referral partnerships is key, speakers said during a panel at the National Reverse Mortgage Lenders Association… Continue reading Reverse mortgage LOs on the difference referral partnerships can make

[ad_1] iCap Enterprises Inc., a real estate investor and manager that raised $245 million from investors by selling through independent broker-dealers, declared bankruptcy near the end of September, and now clients who bought the high-risk securities are suing those firms. Based in Bellevue, Washington, iCap was founded in 2007 by Chris Christensen, according to court… Continue reading Real estate firm that raised money through IBDs blows up

[ad_1] What would you tell a client who wanted to invest a six-figure sum of play money? We asked some fund managers the question for our recent Guide to Wealth and they happily gave us their picks. But most financial advisors are focused on prudent investment diversification and preservation of capital, and they typically don’t… Continue reading Got $100,000 to Play With? Here’s How to Invest It

[ad_1] Choreo, a large registered investment advisor firm based in Chicago, has acquired the U.S. wealth management business of the accounting firm BDO USA, marking a significant expansion of operations as it looks to grow its national footprint. Through the acquisition, Choreo is acquiring roughly $8.1 billion in client assets and is adding seven offices… Continue reading Choreo Buys BDO’s $8.1 Billion Wealth Business

[ad_1] Annuities have enjoyed two years of skyrocketing sales, but that hasn’t always translated into high customer satisfaction. Now, according to a new study, that’s beginning to change. The consumer research company J.D. Power has unveiled its 2023 U.S. Individual Annuity Study, and it shows a clear improvement in client experience. On average, respondents gave… Continue reading J.D. Power: F&G and MassMutual annuities score highest in customer satisfaction

[ad_1] It was difficult to reach investor advocates Tuesday morning to get their reaction to the Department of Labor’s latest attempt to protect retirement savers from conflicted financial advice. None of them were available until after a White House event at which President Biden formally introduced what the DOL is calling its retirement security rule.… Continue reading Tribalism threatens the DOL investment advice rule

[ad_1] In a critical year for Osaic after rebranding from its prior name, Advisor Group, and starting the merger of eight brokerages into one, the firm drew record attendance to its annual conference. A group of nearly 6,000 financial advisors and other wealth management professionals attended the 2023 ConnectED conference virtually or in-person last week… Continue reading Osaic cuts advisory fees, criticizes SEC rulemaking

[ad_1] Dilok Klaisataporn / Getty Images/iStockphoto As economists and financial advisors continue awaiting an impending recession, investors plan their next money moves as the end of the year approaches. See: 5 Things Warren Buffett Says To Do Before a Recession HitsFind: 3 Things You Must Do When Your Savings Reach $50,000 A lot of what… Continue reading 3 Best Pieces of Economic Advice for Investors in November 2023