In an unpredictable world, safeguarding your family’s financial future is of paramount importance. One crucial tool in achieving this peace of mind is life insurance. TFS Financial Insurance Services & Total Financial Solutions, Inc. stands out as a trusted partner in this endeavor, offering a broad range of life insurance solutions tailored to meet your…
Category: Financial
LPL Launches W2 Model for HNW Advisors
LPL Financial has launched a new affiliation model for high-net-worth-focused advisors. LPL Private Wealth Management is an employee model, and it aims to provide the resources and structure that a wirehouse advisor would typically have, at a higher payout. “We are launching LPL Private Wealth as an employee advisor affiliation model because we see a…
New academic study examines RIA growth
The close relationship between financial advisors and their clients accounts for most of the growth among registered investment advisory firms, one of the authors of a new study said. That conclusion could sound self-evident to wealth management professionals who have grown familiar with the way that the reliable revenue of an advisory relationship is driving…
Edelman Financial Engines Acquires PRW Wealth Management
Edelman Financial Engines LLC on Thursday announced the acquisition of PRW Wealth Management LLC, a registered investment adviser headquartered in Quincy, Massachusetts. PRW manages more than $500 million in assets under management for approximately 200 clients, including individuals, families, endowments and foundations, and business owners. The firm provides a range of wealth management capabilities, focusing…
Got This Much in the Bank? It Turns Out, You Could Be Happier With A Financial A…
In an era where wealth and well-being are closely intertwined, a recent survey sheds light on an interesting aspect: People with more than $1.2 million in assets experience increased happiness when they engage the services of a financial adviser. The survey uncovers a significant correlation between the strategic management of wealth by financial advisers and…
Tax services fuel RIA growth, Fidelity survey shows
After registered investment advisory firms’ assets under management and growth took a hit last year, tax planning and other expanded services could ramp their business back up to speed. In the latest case for branching into areas that are traditionally beyond the services offered by financial advisors, Fidelity Investments’ 2023 RIA Benchmarking Survey showed that…
Financial well-being, health care affordability are top concerns for workers and…
Employers are showing greater concern over their workers’ financial well-being as well as their workers’ ability to afford health care. Those were among the takeaways from the Mercer 2023-24 Inside Employees Minds study, which was the topic of a recent webinar. This year marks the third edition of the study, which has been compiled in…
Caregivers need more social and financial support
Whenever I get together with a group of people these days it seems almost everyone has a story to tell about caring for aging parents and relatives (even if they have died). The love that threads these stories is life affirming. The emotional strain from the caregiving experience is also very real. November is National…