RIAS

AmericanTCS Launches FiduciaryxChange to Support 401(k) Sponsors, Advisors and Administrators

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Technology, Software, Finance, Asset Management, Fintech, Accounting, Employee Retirement Income Security Act of 1974, Personal fiduciary services, Trustee, TPA, ERISA, RIAS, Internal Revenue Code, Generally Accepted Recordkeeping Principles, Senior, Registered investment adviser, Third-party administrator, Risk, Retirement, PEPS, Financial adviser

AmericanTCS, a provider of industry-leading financial services to the American workforce, today announced a comprehensive suite of fiduciary services for 401(k) sponsors, advisors and administrators, offered under FiduciaryxChange.

Key Points: 
  • AmericanTCS, a provider of industry-leading financial services to the American workforce, today announced a comprehensive suite of fiduciary services for 401(k) sponsors, advisors and administrators, offered under FiduciaryxChange.
  • The solutions, offered through AmericanTCS Fiduciary Services, LLC, streamline fiduciary responsibilities and minimize the risk and administrative burden of adhering to the Internal Revenue Code, Employee Retirement Income Security Act (ERISA) regulations and the plan document.
  • Clients using the services of FiduciaryxChange are assigned a dedicated and experienced compliance manager.
  • When delivering FiduciaryxChange’s services – including PEPs, 402(a) Named Plan Fiduciary Services and Delegated Plan Administrator support – AmericanTCS maintains a specific Prudent Expert Standard of Care.

Newest Action! magazine covers AI in wealth management and organic growth tips for advisory firms; features special supplement from Schwab IMPACT→ 2023

Retrieved on: 
Wednesday, November 1, 2023
Technology, Personal Finance, Finance, Publishing, Fintech, Communications, Professional Services, Asset Management, Artificial Intelligence, RIAS, Business development, Practice management, Multimedia, Growth, Culture, AI, Financial adviser, Management, Schwab

magazine at Schwab IMPACT 2023®, which includes a special supplement for event attendees created in collaboration with Schwab Advisor Services.

Key Points: 
  • magazine at Schwab IMPACT 2023®, which includes a special supplement for event attendees created in collaboration with Schwab Advisor Services.
  • magazine explores AI and growth tips for advisory firms, plus a special supplement from SchwabIMPACT® 2023.
  • The supplement also includes articles aimed at helping advisors with practice management challenges and inspiring profiles of Schwab advisors and employees.
  • magazine continues to bring together top thought leaders in wealth management and technology as a free resource for growing investment advisory firms.

AdviserCyber Launches to Help Registered Investment Advisers with Cybersecurity Compliance at Pivotal Time

Retrieved on: 
Thursday, November 2, 2023
Knowledge, Digital rights management, Registered investment adviser, Security (finance), RIAS, AUM, Scan, Tablet, Computer security, Risk management, Risk, Computer, Digital rights, Mobile device management, Financial adviser, Cryptocurrency, Medical device

PHOENIX, Nov. 2, 2023 /PRNewswire-PRWeb/ -- AdviserCyber, a cybersecurity service provider for Registered Investment Advisers (RIAs) with $500M to $3B Assets Under Management (AUM) who must comply with the Securities and Exchange Commission (SEC) cybersecurity requirements, announced its formal launch today. In the last year alone, advisers and wealth managers in financial sectors have witnessed an 80% increase in cyber threats and intrusion activity, with investment advisers being particularly vulnerable due to the sensitive nature of the data they handle.

Key Points: 
  • "The SEC has increased measures to ensure investment advisers adopt and implement effective cybersecurity policies," said Michael Cocanower, founder and CEO of AdviserCyber.
  • "The SEC has increased measures to ensure investment advisers adopt and implement effective cybersecurity policies," said Michael Cocanower, founder and CEO of AdviserCyber.
  • AdviserCyber focuses only on cybersecurity compliance for RIAs, delivering a deeper level of cybersecurity with its unique and specific expertise.
  • AdviserCyber will work with a firm's compliance team to ensure compliance is met and improve overall security of an adviser firm.

Creative Planning Strengthens Retirement Services with Acquisition of Mesirow's Corporate Retirement Advisory Services Team

Retrieved on: 
Tuesday, October 31, 2023
Creative Planning, Michigan Office of Retirement Services, RIA, RIAS, NAPA, Acquisition, Registered investment adviser, City, Social responsibility, Retirement, Creative, National Association, Financial adviser, Industrial design, Mesirow

OVERLAND PARK, Kan., Oct. 31, 2023 /PRNewswire/ -- Creative Planning, one of the nation's leading Registered Investment Advisors (RIA), announced its acquisition of Mesirow's corporate retirement advisory services team.

Key Points: 
  • OVERLAND PARK, Kan., Oct. 31, 2023 /PRNewswire/ -- Creative Planning, one of the nation's leading Registered Investment Advisors (RIA), announced its acquisition of Mesirow's corporate retirement advisory services team.
  • "We are excited to welcome Mesirow's impressive corporate retirement advisory services team into the Creative Planning family," said Peter Mallouk, CEO of Creative Planning.
  • The Creative Planning Retirement Services Practice provides services to over $137 billion in assets under advisement.
  • Carly Bell, Head of Retirement Services at Creative Planning, led the acquisition stating, "The acquisition of Mesirow's corporate retirement team is additive to our existing Retirement Services offering as it brings together industry thought leaders that will continue to expand the comprehensive services available from Creative Planning to plan sponsors and participants."

Axos Advisor Services Expands Alternative Investment Capabilities with Crystal Capital Partners

Retrieved on: 
Tuesday, October 31, 2023
Growth, Investment, Organization, Partnership, Crystal, Axus, RIAS, Financial adviser

MIAMI, Oct. 31, 2023 /PRNewswire/ -- Crystal Capital Partners, a wealth-tech provider and leading turn-key alternative investment platform for financial advisors, announced today a strategic partnership with Axos Advisor Services, a prominent provider of comprehensive custody and securities clearing services to registered investment advisors (RIAs) and independent broker-dealers.

Key Points: 
  • MIAMI, Oct. 31, 2023 /PRNewswire/ -- Crystal Capital Partners, a wealth-tech provider and leading turn-key alternative investment platform for financial advisors, announced today a strategic partnership with Axos Advisor Services, a prominent provider of comprehensive custody and securities clearing services to registered investment advisors (RIAs) and independent broker-dealers.
  • As such, we are excited to partner with Axos Advisor Services," said Steven Brod, Chief Executive Officer of Crystal Capital Partners.
  • Axos Advisor Services has emerged as a distinguished registered investment advisor custodian dedicated to supporting RIAs and independent financial advisors.
  • Robert Hellman, VP, Offer Strategy & Client Experience of Axos Advisor Services stated: "We are thrilled to partner with Crystal Capital Partners, a leader in alternative investments for financial advisors.

Sowell Management Expands Planning Resources for Advisors

Retrieved on: 
Thursday, October 26, 2023
Finance, Banking, Professional Services, Other Technology, Technology, Haryana State Industrial and Infrastructure Development Corporation, AUA, Sowell, RIA, RIAS, Barron's, Publication, Multimedia, Estate, Interview, AUM, Dream, Retirement, Management, Financial adviser, Financial services

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Founded in 2001 by financial advisor turned CEO Bill Sowell , Sowell Management provides advisors with innovative solutions to help efficiently manage and scale their businesses, and has recently added new resources to expand the financial planning offering.
  • “Working with Sowell Management is like having an in-house financial and estate planning team - only better, because advisors can use them on demand,” said founder Bill Sowell.
  • By using Sowell as a partner for planning, advisors can offer their clients more specialized planning services without adding staff or worrying about competition for their clients,” said Irico.
  • Sowell Management is a privately held Registered Investment Advisor (RIA) and a trusted partner to financial advisors.

Private Credit Study: Asset and Wealth Managers Flock to Private Credit Market

Retrieved on: 
Thursday, October 26, 2023
Professional Services, Data Management, Data Analytics, Technology, Finance, Asset Management, Fintech, Research, Optimism, KKR, RIAS, Preqin, Market, Risk management, ETF, Investment, Blackstone, Financial services, Bank, Renewable energy, Security (finance)

Today, Percent , the innovative private credit platform that has created the modern credit marketplace, announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments.

Key Points: 
  • Today, Percent , the innovative private credit platform that has created the modern credit marketplace, announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments.
  • The study, titled “Coalition Greenwich 2023 Private Credit Market Structure Study,” included asset managers, hedge funds and wealth managers (family offices and RIAs) in the U.S., with the majority of respondents managing up to $250 million in assets for their clients.
  • The study supports current estimates from Preqin that the private credit market could more than double to $2.7 trillion by 2026.
  • As larger banks face more stringent capital requirements, this dynamic brings asset managers, wealth managers and family office investors into the market, beyond the traditional large asset managers.

Capital Link 22nd Annual Closed–End Funds & Global ETFs Forum

Retrieved on: 
Wednesday, October 25, 2023
Digital, CFP, RIAS, Use, ETF, Exchange-traded fund, MLP, CEF, Calamos Investments, BDC, Capital, Security (finance), Financial adviser

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Capital Link’s 22nd Annual Closed-Ends Funds & Global ETFs Forum will take place on Wednesday, November 1, 2023, as a Digital Event, from 12:00 pm to 3:00 pm.

Key Points: 
  • NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Capital Link’s 22nd Annual Closed-Ends Funds & Global ETFs Forum will take place on Wednesday, November 1, 2023, as a Digital Event, from 12:00 pm to 3:00 pm.
  • This event is held in cooperation with the New York Stock Exchange and the Gold Sponsor is Calamos Investments.
  • With a 22–year track record, Capital Link’s Annual Closed–End Funds & Global ETFs Forum is the longest running investment forum with significant branding and recognition in the industry.
  • It updates the broader investment community on the latest trends, developments and investment strategies using Closed–End Funds, MLPs, BDCs, and Exchange Traded Funds.

Schwab Model Market Center Debuts on Schwab Advisor Center

Retrieved on: 
Tuesday, October 24, 2023
Technology, Personal Finance, Finance, Consulting, Banking, Other Technology, Business, Professional Services, Asset Management, Schwab, Labour, TD Ameritrade, RIAS, Head, Learning, Growth, TDA, TD, Financial adviser, Risk management

Schwab Advisor ServicesTM (“Schwab”) announced today that Model Market Center™, the industry’s first model portfolio marketplace, pioneered by TD Ameritrade (“TDA”), is now available on Schwab Advisor Center®.

Key Points: 
  • Schwab Advisor ServicesTM (“Schwab”) announced today that Model Market Center™, the industry’s first model portfolio marketplace, pioneered by TD Ameritrade (“TDA”), is now available on Schwab Advisor Center®.
  • “We’re thrilled to announce the rollout of Model Market Center on the Schwab custody platform – a key pillar of our promise to bring together the best of Schwab Advisor Services and TD Ameritrade in the new Schwab Advisor Center,” said Jalina Kerr, managing director of client experience for Schwab Advisor Services.
  • Schwab advisors who previously custodied with TDA already have access to Model Market Center and iRebal; additional Schwab advisors will receive access to both tools in the coming months.
  • The rollout of Model Market Center alongside iRebal is the latest in Schwab’s ongoing efforts to modernize the Schwab Advisor Center platform, building out new capabilities while integrating some of the most popular features from TDA’s Veo One® platform.

Protective Life Insurance Company Receives Favorable Private Letter Ruling on Advisory VUL Offering

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Insurance, Finance, Dai, Policy, VUL, IRS, RIA, RIAS, SVP, PLR, Internal Revenue Service, Business development, Protection, Private, Average revenue per user, Nashville, Tennessee, Registered investment adviser, Universal Life, Dai-ichi, 14th Railway Facilities Protection Division NKVD, Financial adviser

Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the Private Letter Ruling (PLR) from the Internal Revenue Service (IRS) related to Protective’s fee-based advisory Variable Universal Life (VUL) offering.

Key Points: 
  • Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the Private Letter Ruling (PLR) from the Internal Revenue Service (IRS) related to Protective’s fee-based advisory Variable Universal Life (VUL) offering.
  • This ruling, an industry first for a life insurance product, was issued on July 17, 2023, by the IRS regarding Protective’s Investors Benefit Advisory VUL offering.
  • “Having the first PLR issued for an advisory VUL offering shows Protective’s commitment to being an industry leader in fee-based insurance for Registered Investment Advisors (RIA),” said Chad Nulty, VP of Business Development for Protective’s RIA Insurance.
  • The Protective Investors Benefit Advisory VUL offering is issued by Protective (Nashville, Tenn.) in all states except New York on policy form ICC19-V15 and state variations thereof.