Second ANZ proxy advisor recommends vote against pay report
Second ANZ proxy advisor recommends vote against pay report
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Advisor
Nevis Raises $40M to Automate Wealth Advisor Tasks
(Bloomberg) — Many companies are trying to replace wealth advisors with artificial intelligence, but Mark Swan’s bet is that humans are here to stay. It’s the busy work, from meeting minutes to account openings, that’s ripe to be automated, he argues. So the former Revolut executive built a startup, Nevis, that’s attracted $40 million in funding
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Estate Planning Tech Transforms Advisor Growth
Estate planning is the most underutilized growth strategy in wealth management right now, and the stickiest. Most advisors refer it out. They stay on the sidelines of the conversations that would move them upmarket, expand their relationships and keep the next generation from leaving. Eighty percent of heirs leave their parents’ advisors within a year
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Advisor Lessons From Basquiat Estate
Stories about legacy often reveal more than the moments that made someone known. In this episode of Celebrity Estates, author and advisor Doug Woodham joins the show to explore how Jean-Michel Basquiat’s unexpected passing set off a chain of estate challenges tied to illiquid assets, sudden value changes and family decisions. Doug explains how the
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Advisor Pleads Guilty in $94M Fraud Against Venezuelans
A Fort Lauderdale-based advisor pleaded guilty to a scheme targeting Venezuelan citizens that defrauded investors of $94 million, according to the Justice Department. Andrew Jacobus pleaded guilty to wire fraud and money laundering in Florida federal court last week. Earlier this year, the Securities and Exchange Commission charged Jacobus in the scheme (at that time, the agency
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Axos’s Eugene DeRango Joins $4B Advisor Network
CG Financial Services, a hybrid registered investment advisor with $11 billion in assets under advisement and $4 billion in AUM, has hired Eugene “Gino” DeRango as director of CG Advisor Network, a unit of CG Financial. DeRango joins from Axos Advisor Services, where he served as senior vice president and national sales manager since 2022.
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Sapient Capital Adds $1B J.P. Morgan Advisor
Sapient Capital, an Indianapolis-based registered investment advisor with over $23 billion in assets under supervision, has brought on board Joshua Mandelbaum as a partner and wealth advisor, joining from J.P. Morgan Private Bank, where he managed over $1 billion in client assets. The move marks what Sapient is touting as a recruitment drive for private
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Focus Partners Wealth Launching Advisor, Client Portal
Focus Financial, which has worked to unify its national footprint of advisors, is rolling out a new advisor and client wealth portal for its $95.9 billion Focus Partners Wealth division. Some Focus Partners Wealth advisors are using the new financial planning-focused portal, which the firm refers to as an Advisor Hub, with clients being given
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$20B Merit Hires Advisor Liaison, 401(k) Plan Expert
Merit Financial Advisors, an Atlanta-based hybrid advisory firm with $20 billion in client assets, has hired new senior leaders from independent broker/dealers Commonwealth Financial Network, now owned by LPL Financial, and Osaic. Alex Hansen, who had been with Commonwealth for four years, joins the RIA as chief advisor success officer. Brian Brashaw, an Osaic alumnus
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Why Warren Buffett’s Advisor Warned Against Blind Diversification in Investing
Key Takeaways In contrast to most financial advisors, Munger called wide diversification “protection against ignorance,” useful only when you don’t have conviction. Holding too many positions, he argued, can raise costs, blunt big winners, and still leave you exposed to market shocks. Munger advocated a balanced approach—owning a few great companies plus low-cost index funds—that
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