Wealth Management

A Betterment client is suing the firm, alleging advisors moved clients’ excess cash into sweep accounts at banks that didn’t generate any interest, leaving investors having “lost significant interest they would have otherwise earned.” New Jersey resident Michael Treadway filed the class action lawsuit in New York federal court, alleging he was a Betterment client and claiming to represent all those who’d been affected by the firm's sweep policies.

Carson Group, the registered investment advisor aggregator with roots as a 1099-affiliated platform, has grown large enough in its integrated W-2 employee channel to create two separate business lines, according to CEO Burt White. In practice, that means Carson has split its sales and recruiting teams into two divisions to serve the different channels.

Summitry, the first registered investment advisor to be bought by RIA holding firm Aspen Standard Wealth, has announced a leadership change that will see its founder and CEO step into an executive chairman role. Colin Higgins founded Summitry in 2003 and eventually sold a majority stake to Aspen Standard in November 2024.

Morningstar's Brian Moriarty explains how leverage, redemption limits and portfolio liquidity influence the performance of semiliquid funds. David Bodamer,Editorial Director,Wealth Management In this episode of Wealth Management Invest, David Bodamer speaks with Brian Moriarty, principal on Morningstar’s Manager Research Team, about the latest trends shaping the semiliquid fund market.

In the intricate framework of modern estate and tax planning, practitioners frequently employ a combination of disregarded entities and grantor trusts to achieve various valuation, liability and succession objectives. A common strategy involves a client owning a statutory limited liability company and subsequently gifting or selling interests in that LLC to one or more “defective” grantor trusts.

Ryan Nauman and Zach Conway discuss evolving investor expectations, emphasizing client-centric investment experiences to help advisors compete with direct-to-consumer tech. Ryan Nauman hosts Zephyr’s Adjusted for Risk podcast from Lake Tahoe and welcomes Zach Conway, CEO of Seeds, to discuss how evolving investor expectations are reshaping wealth management.

Underwrite it like an asset. A purchase that doesn’t work on paper won’t work on the tarmac. Alan Stalcup,Founder and CEO,GVA Real Estate Group schedule5 Min Read A private jet is cash-hungry, revenue-capable equipment. And like any asset, whether it belongs on the balance sheet comes down to variables you can model. I buy apartments for a living. I have more than $10 billion in transactions under my belt. Every building I buy has to clear the same bar: what it returns must outweigh what it costs.

Transform your practice with AI-driven insights and tools. The wealth management landscape is evolving faster than ever, and AI is at the center of this transformation. Financial advisors who embrace AI-powered infrastructure today will define the industry tomorrow. This comprehensive ebook reveals how unified AI platforms and purpose-built technology are revolutionizing financial advisory services.

Advisors are driven by revenue, competitive advantage and client demand. Fred Barstein,Founder and CEO,The Retirement Adviser University schedule3 Min Read Record keepers, asset managers and tech companies spend tens of millions of dollars annually on market research and product development, looking to find the next great thing for defined contribution plans. But there are much simpler ways to determine whether a product or service category will resonate.

Unified data governance and platform thinking separate leaders from laggards—while shadow AI keeps CTOs awake at night. The build versus buy debate has returned to wealth management, but this time it's centered on AI strategy.