Company
US trade publication covering the financial advisory profession and the business of wealth management.
Financial Planning's survey of 213 advisors puts confidence at minus-2 in October, down from plus-4 in July. Economic and policy outlooks fell while the score for advisors' own practices rose 9 points to plus-35.
Reality
Butler's Bryan Foltice says a 'flexible 3%' withdrawal rule fails less often than the 4% rule in long retirements, on a quarter less starting income. For clients retiring in their 40s, the lower draw buys a plan that can be restarted if they outlive it.
Reality
The federal exemption is $15 million a person. New York begins taxing at $7.35 million for 2026, Oregon at $1 million. Which state collects depends on a domicile test that Venable's Lawrence Mandelker calls subjective.
Reality
Terms are undisclosed and the close is still conditional, so the only firm figure is the advisor count, 6,500, set against a reported price above $4bn. Jason Wenk says a cash-management agent follows within a year.
Reality
Rick Simonetti says Wells Fargo accepted client departures as the cost of paring back. Four years and just under $3 billion later, referrals rather than recruited books filled his firm.
Reality