Edward Hayes

1 week ago | fa-mag.com | Edward Hayes

Many Americans aren’t consulting financial advisors about college savings, and many might not even know what a 529 plan is, according to research from Edward Jones. In an annual survey, the firm spoke with 2,200 adults and found that 78% do not typically consult a financial advisor before making decisions about education savings. That high number suggests financial advisors have not been doing as much as they can on this issue.

1 week ago | fa-mag.com | Edward Hayes

Ashton Thomas Private Wealth, an Arax Investment Partners firm, announced it has recruited two advisors who managed $900 million at SVB Private, a division of First Citizens Bank.   Lance Millar and Stewart Preziose will form the Speritas Private Wealth Team in San Francisco, with Millar as a partner, managing director and private wealth advisor, and Preziose as a wealth advisor.

2 weeks ago | fa-mag.com | Edward Hayes

Vanguard today launched two municipal bond exchange-traded funds, including one designed for investors dealing with high New York state taxes. The Vanguard Long-Term Tax Exempt Bond ETF (VTEL) and the Vanguard New York Tax-Exempt Bond ETF (MUNY) are index municipal bond ETFs managed by the Vanguard Fixed Income Group. The New York ETF is only the firm’s second state-focused passive ETF. It is designed to help those dealing with the high taxes of New York.

2 weeks ago | fa-mag.com | Edward Hayes

VisionPoint Advisory Group and Navitas Wealth Advisors have merged to create Balefire, an SEC registered investment adviser, with more than 60 financial professionals and almost $4 billion in assets. The firms came together equally in an effort to combine their abilities to better serve their client base, according to the new firm.

2 weeks ago | fa-mag.com | Edward Hayes

Wealth advisory firm Lido Advisors, which is looking to expand beyond its current asset level of $30 billion, continued that growth with the announcement of a strategic partnership with HPS Investment Partners. Lido sold a stake of its firm to HPS, which is an alternative investment firm with $150 billion in assets under management. It joins Charlesbank Capital Partners, which became a majority owner in 2021, along with Lido’s 135 employee-owners.