Global private equity and investment firm KKR secured an agreement to take another dip into wealth management by purchasing Janney Montgomery Scott LLC for an undisclosed amount. Here’s a look at the available details and context on Penn Mutual Life Insurance’s deal with KKR to acquire the firm with 900 financial advisors and $150 billion in client assets. #brokerages #privateequity #wealthmanagement
Financial Planning
Online Audio and Video Media
New York, NY 45,841 followers
The leading resource of news, data and analysis for the wealth management industry.
About us
Financial Planning is the leading resource for news, analysis, insights and data for financial advisors across the independent, wirehouse and bank channels. We deliver the essential information, strategies and tools planners need to build and grow thriving practices, position their firms against competitive threats, meet regulatory requirements and best serve their clients.
- Website
-
http://www.financial-planning.com
External link for Financial Planning
- Industry
- Online Audio and Video Media
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Privately Held
Locations
-
Primary
1 State St
New York, NY 10004, US
Employees at Financial Planning
Updates
-
At a fundamental level, financial planning requires a great deal of information about clients’ income, assets, insurance and taxes. A financial advisor who wins the business of an incoming customer needs a certain level of data to start the process. Here’s a look at the documents, figures and mindset that incoming clients and advisors should bring to an onboarding meeting, with insights from Dinon Hughes, AIF® of Nvest Financial, Raman Singh, CFP® of Singh Private Wealth Management and Edward Mendlowitz of Withum and Accounting Today. #financialplanning #wealthmanagement #practicemanagement
A brand-new client is onboarding -- what should you tell them to bring?
financial-planning.com
-
Cost segregation studies can be complex and costly, but for certain clients, they can pay off big time on taxes. Derek Miser of Miser Wealth Partners, LLC lays out the pros and cons. Also in today’s newsletter: One platform to rule them all? That’s what advisors seem to be looking for when it comes to handling managed accounts, according to new research. Plus: Everything you need to know about Vice President Kamala Harris’ potential tax policies and positions. #taxplanning #advisortech #taxpolicy #financialadvisors
How cost segregation studies can lead to big savings; the tech that portfolio managers prefer; what a Harris presidency could mean for taxes
Financial Planning on LinkedIn
-
With the presidential election season heating up, political divisions running through the country are becoming more pronounced. Ideological differences can spur some awkward conversations between clients and their financial advisors. But instead of shying away from these potentially fraught interactions, financial advisors say it's important to face them head-on. With insights from KASHIF A. AHMED, CFP® of American Private Wealth, Jeff Farrar, CFP®, CIMA®, AIF® of Procyon Partners, John R. Power of Power Plans, Ross Dugas, PhD of Scientific Financial and Ann Covington of CovingtonAlsina. #politics #financialplanning #clientconversations
How financial advisors navigate working with clients across the political spectrum
financial-planning.com
-
The new presumptive presidential nominee for the Democrats carries a long paper trail in tax policy. That history may alter the debate in a pivotal election ahead of a looming deadline next year. Here’s a look at the many tax policies that Kamala Harris has championed as a former senator and presidential candidate — and how Republicans led by Donald Trump are likely to react to them. #election2024 #taxpolicy #financialplanning
How Kamala Harris may shift the crucial tax debate in this year's election
financial-planning.com
-
LPL Financial, the country’s largest independent broker-dealer, has drawn scrutiny, and now a lawsuit, for its apparent reliance on profits generated by cash sweeps. Check out the details. Also in today’s newsletter: The Financial Industry Regulatory Authority plans to raise fees paid by member firms, alongside executive compensation. Plus: a tech spotlight for advisors on secure document storage platform Trustworthy. #cashsweeps #finra #trustworthy #financialadvisors
LPL’s cash sweep practices draw lawsuit; FINRA fees, executive compensation on the rise; tech to help with secure document storage
Financial Planning on LinkedIn
-
The recommendation of a financial advisor by a client to a prospective customer — a traditional goldmine for organic growth — is fading in importance compared to other sources of incoming business, a new study found. See the results and implications of a poll of more than 1,000 financial advice clients by FiComm Partners, with insights from CEO Megan (Meg) Carpenter and WiserAdvisor CEO Rishi Bharathan. #growthstrategies #financialadvisors #practicemanagement
Referrals matter less to younger potential clients, study finds
financial-planning.com
-
Trustworthy started as a digital platform for consumers to store and instantly find critical tax documents, bank statements and IDs in one place. Roughly 11,000 household users later, the platform has launched a portal for advisors and their clients. Here’s what Nathaniel Robinson, Trustworthy’s founder and CEO said about the road ahead in mapping out a digital livelihood for consumers, and what they're developing with AI. #wealthmanagment #fintech #financialadvisors #financialplanning
Tech spotlight: How Trustworthy gets people to store life's data
financial-planning.com
-
It’s no secret that wealth managers make a lot of money from lending out clients’ uninvested cash. But a new lawsuit against LPL Financial alleges the independent broker-dealer made nearly 40% of its return on assets from these “cash sweeps” in the first quarter. #financialadvisor #wealthmanagement #investments
Lawsuit contends LPL relies on cash sweeps to juice returns
financial-planning.com
-
Raymond James Investment Management will enter the ETF space next year with its launch of a new platform for the products, headed by former New York Stock Exchange Director of ETFs Mo Sparks, CETF®. The initial set of products will be actively managed. #financialplanning #wealthmanagement #ETFs
Raymond James subsidiary to launch ETF platform in 2025
financial-planning.com