Jennifer Reed

2 days ago | fa-mag.com | Jennifer Reed

A lot of advisory firms would like to know how to grow—and to grow quickly. But a lot of them don’t know how to crack the code. A panel of consultants talked about what firm founders and leaders can do to get their firms in the fast lane—offering insights on items such as firms’ tech stacks and developing talent—at BNY Pershing’s Insite 2025 conference, being held this week in Maryland.

4 days ago | fa-mag.com | Jennifer Reed

FP Alpha has launched an AI-updated version of its Estate Insights program that can scan a client’s estate planning documents, subject them to questions and decision trees developed by estate planning attorneys, and give financial advisors client-specific action plans. “What we've done very differently and why this is a huge improvement is that before the insights were more probabilistic,” said Andrew Altfest, a CFP and founder of FP Alpha.

6 days ago | fa-mag.com | Jennifer Reed

There are a few ways to rebalance a portfolio, but a new study suggests that the best method is to not rebalance at all. Researchers found that while rebalancing does help align portfolios to client risk tolerance, the strategy hurts performance by moving assets into lower-performing sectors and racking up costs in the form of time, transaction fees and taxes.

1 week ago | fa-mag.com | Jennifer Reed

For every client who has wondered if they’re saving enough for their child’s college education, there’s now a quick calculation that could either bestow peace of mind or inspire a deeper commitment to saving. And it doesn’t matter if the plan is for public or private college, two years or four, in-state or out-of-state. All one needs to know is the current cost of a college, the child’s age and the appropriate multiple, according to T. Rowe Price. The research at T.

1 week ago | fa-mag.com | Jennifer Reed

Three advisors who were former college roommates have left registered investment advisor Procyon Partners to launch their own RIA, Third View Private Wealth in Westport, Conn. Frank McKiernan, Jerry Sneed and Zoltan Pongracz have had intersecting careers as they’ve worked in wealth management at Credit Suisse, Morgan Stanley, Merrill Lynch and Baker Tilly, among other firms, according to AdvisorInfo.