David Nagler promised a maximum 2% asset-based fee, but he actually charged well above that, the agency alleges.

An ESOP is a way for owners of a C Corp or S Corp to liquidate equity in their business while retaining governance over the operation. Although such a plan is often viewed as a way for company owners ...

Wealth management firm Cresset Capital has turned to private credit to boost client returns as President Donald Trump’s on-off tariffs policy stokes turbulence across financial markets.

Along with Harvard, Columbia has emerged as one of Trump’s key targets among elite institutions. The administration earlier this year yanked $400 million in funding to the school, accusing it of an ...

House Speaker Mike Johnson said he is fighting to maintain the new $40,000 cap on state and local deductions in the draft tax bill now before the Senate, where Republicans are seeking to enact a less ...

Advisors' offerings should be more like the Goldilocks story, serving the small, the large and the just right of our market today.

Small practices may not be able to afford more expensive solutions, but at least some AI adoption is necessary to stay in business.

Applications for US unemployment benefits unexpectedly rose last week to the highest since October, adding to signs that the job market is cooling. Initial claims increased by 8,000 to 247,000 in the ...

An unexpected increase in new jobless claims sparked the repricing of swap contracts tied to Fed policy shifts.

Most wealth managers are unaware of their potential liability if client assets are stolen from custodial accounts.

Firms can attract young advisors by offering them a good support system once they walk in the door. Gone are the days where new advisors have to start their careers by creating a client list through ...

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 ...