Contributions to retirement plans fell last year following record contribution rates from participants and employers in 2021, according to a survey of 401(k) plans released Thursday by the Plan Sponsor Council of America. Despite slipping contribution rates, however, the study showed that participation remains strong, even if down from record...
LPL Financial Wednesday announced the launch of LPL Private Wealth Management, an affiliation program for advisors catering to high-net-worth clients. LPL currently serves approximately $130 billion in high-net-worth assets under management, according to the company, offering resources such as a Learn more about reprints and licensing for this article.
The question of whether gold, oil and other commodities are right for individual client portfolios has always been a hard one for financial advisors to mine. So let’s dig into it. The Invesco DB Commodity Index Tracking Fund is flat year to date as inflation has moderated over the course...
Private credit is pulling away from the pack as the alternative of choice, taking the baton from crypto, commercial real estate and other so-called noncorrelated assets. The question facing financial advisors now is whether it has stamina to stay in the lead. Both legs of the 60/40 po Learn more about...
The InvestmentNews Women Advisor Summit in New York Wednesday began not only with a bang, but with a rejection of the unfair questions so often asked of female business owners. Mandy Gilbert, entrepreneur and author, opened the summit by discussing the challenges of working in male-dominated industries. She started by...
From head count to AUM and board members, there are a multitude of ways to measure the progress of women in the wealth management business. Karen Altfest, executive vice president of Altfest Personal Wealth Management, has her own proprietary method for calculating female advancement in the financial advisory industry. She counts...
In an increasingly chaotic world, more clients are asking their advisors to have a little faith. ESG may have dominated the headlines, but faith-based investing has steadily — and quietly — been on the rise, according to a number of faith-based advisors contacted by InvestmentNews. Chris McMahon, CEO of Aquinas...
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...
The latest economic data show Americans are continuing to open their wallets despite the rise in interest rates and stubbornly high prices. Apparently, financial advisors keeping a sharp eye on their clients’ accounts aren’t seeing much of a spending slowdown either. Consumer spending climbed 0.7% in September, up from an unrevised...
The Biden administration is meeting with China’s top diplomats this week to try to repair a relationship between the two superpowers that has grown rocky. The question facing financial advisors and investors now is whether they should do the same resetting with Chinese stocks. Secretary of State Antony Blinken and National...