Creative Planning, one of the largest registered investment advisors in the country, has added to its M&A streak with another acquisition. The Overland Park, Kansas-based RIA announced Tuesday that it was buying the corporate retirement advisory services team at Mesirow, a Chicago-based financial services firm. The corporate retirement practice has around $13 billion of assets,…
Category: Financial
LPL launches new tax planning, outsourced CFO solutions for advisors
LPL Financial is empowering its advisors to retain tax planning business in-house rather than referring clients to external services – and to leverage an outsourced CFO in their business. The firm’s newest Tax Planning Service links advisors with LPL’s tax planning specialists to enable them to identify clients who would benefit from the service, provide…
Why many students still haven’t heard of financial planning careers
Growing up, George Allen knew that his parents “weren’t very good with money.” “I’ve seen their mistakes. I want to be better in that aspect,” Allen, a student in the School of Financial Planning at Texas Tech University, said in an interview. He wasn’t sure what career would encompass that. But one day in his…
Financial Considerations For Small-Business Owners Pursuing Growth
Tyler Lang, CFA, is Founder & CEO of Journey Advisory Group. Follow Tyler on LinkedIn. getty As a small-business owner, the allure of growth may appear deceptively straightforward, but before setting sail toward success through expansion, there are vital financial considerations. As a small-business owner myself, I understand the challenges other entrepreneurs face in growing…
LPL releases tax planning service for financial advisors
LPL Financial followed through on executives’ promises earlier this year to roll out tax planning services from the corporate office for the firm’s financial advisors. The newest subscription service from the firm’s Business Solutions unit provides advisory practices with tax professionals for any questions involving clients’ accounts, proposals for potential savings in customers’ portfolios and…
Making a Difference Through Pro Bono Financial Planning
Advisors who are willing to step outside their comfort zones can make a difference in their communities, and for themselves, by volunteering to offer pro bono financial planning to those in need. To illustrate the impact such selflessness can have, The Foundation for Financial Planning and the College for Financial Planning presented their Pro Bono Financial Planning…
Goldman reports lackluster wealth management results
Despite having a record haul from management fees in the third quarter, Goldman Sachs’ Asset and Wealth Management division saw a 20% decline in its net revenues. That plummet was primarily due to losses in both public and private equity investments, much of the latter in real estate. With its 20% year-over-year drop, Goldman’s net…
What Is a Financial Consultant?
A financial consultant is someone who is trained to assist people with managing their financial lives. The term “financial consultant” is a blanket term that encompasses financial advisors, financial planners, and wealth managers alike, although there are credentials that set certain professionals apart. Image source: The Motley Fool Depending on their specific knowledge, experience, and…