|Financial planning clients||51-100|
|High-net-worth client assets||More than 75%|
|Percentage of assets under management||Yes|
|Total AUM||Total Accounts||Avg. Account AUM|
September 5, 2019 - Time is running out to get the biggest tax break from opportunity zones, but there's one snag for financial advisers: They don't see a lot of compelling investment options for clients. "The deals haven't worked out to be that great," said Leon LaBrecque,...
July 25, 2019 - Julia Wellborn, who heads the wealth management business at Comerica Bank, has been named head of private wealth management at Wells Fargo, a role that includes leading the company's private bank and its Abbott Downing unit that serves ultra-high-net-worth...
July 19, 2019 - Goldman Sachs is poised to reap big profits from the 401(k) market. I'm not talking about its traditional asset management business, however â€” it's in wealth management that the firm could make its biggest mark. To many 401(k) industry executives, consultants...
July 1, 2019 - The purpose of Wall Street is to chase, create and sniff out profits. By its nature, the Street will always move to where the money goes. In the financial advice industry, money and margins are moving slowly and inexorably away from the bank-owned wirehouses...
June 19, 2019 - Gifting stock to friends and family members can be tricky â€” there are several ways investors can get tripped up and make a poor decision from a tax standpoint. Below are some considerations for financial advisers to ensure their clients are gifting...
May 28, 2019 - The end of the stretch IRA is nigh, and that's bad news for clients of financial advisers. The good news: There are ways for advisers to simulate the benefits of a stretch IRA. The term "stretch IRA" refers to an individual retirement account that's inherited...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
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*Methodology:InvestmentNews qualified 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.