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A tiny percentage of family fortunes, just 3 percent, are squandered due to poor wealth management, according to a white paper by BNY Mellon's Pershing on HNW wealth transfers. The majority of wealth transfers, 60 percent, actually end up on the rocks because of not enough trust and communication between the old and new generation. ...
Public Pension Funds in Jeopardy
Public pension funds across the United States run the risk of running dry in the case of an economic downturn, according to a new study from The Pew Charitable Trusts. The Associated Press reports that the New Jersey and Kentucky funds are especially in bad shape. ...
AdvicePay Extends Seed Funding Round
AdvicePay, a payment processing company for financial advisors that could facilitate a fee-for-service model in the industry, said Monday it is extending its seed round of funding to $2 million. The company, co-founded by Alan Moore and Michael Kitces, the co-founders of XY Planning Network, closed an initial $500,000 round of funding in November. ... |
