AI can be used to tell advisors why clients might not be meeting their financial goals so advisors can be more proactive in addressing clients’ concerns, Motwani said. The added data allows advisors ...

JPMorgan Chase & Co. plans to let trading and wealth-management clients use some cryptocurrency-linked assets as collateral for loans, a major step by the biggest U.S. bank to make inroads into an ...

Nerney argues that alts can potentially enhance a 401 (k)’s performance—perhaps especially for younger workers, since alts are generally held for a decade or more. “As public markets become ...

The 2.8% increase in real GDP was the best since the Clinton years and certainly looks better than current prospects under ...

Global wealth surged last year, with the number of millionaires across the world hitting a record 23.4 million. The annual World Wealth Report from Capgemini, an IT services and consulting group, ...

Senate Republican Leader John Thune said President Donald Trump’s giant fiscal bill is unlikely to repeal the estate tax. “I’d love to get rid of it,” Thune told reporters Wednesday, adding that ...

Financial advisors worried about client retention amid the great wealth transfer are getting a bit of bad news from a recent study: A new wealth report released by Capgemini’s Research Institute found ...

State Comptroller Glenn Hegar said BlackRock had rolled back many of its green-focused initiatives, including exiting the Net Zero Asset Managers initiative and stepping back from the Climate Action ...

Despite concerns about economic turbulence, inflation and global trade uncertainty, Federated Hermes Chief Equity Strategist Phil Orlando told financial advisors at BNY Pershing’s Insite Conference in ...

Private-sector payrolls increased by 37,000 last month, according to ADP Research, lower than all estimates in a Bloomberg survey of economists. That marked the second month in a row when the figures ...

Senate Majority Leader John Thune believes the deal that led the U.S. House to increase the maximum deduction for state and local taxes to $40,000 will have to be changed in his chamber, according to ...

Reason #3: Complex Regulatory Compliance Private family foundations must adhere to stringent IRS regulations, including restrictions on self-dealing, conflicts of interest and detailed reporting ...