RIA News & Analysis
3 articles
Market Mood
Engagement Strategies for Advisors in UHNW Wealth Transfer
During the UHNW Summit at Wealth Management EDGE, RIA leaders emphasized the necessity for financial advisors to engage with clients’ second-generation family members. Cameron Rogers from Angeles Wealth Management highlighted that this engagement is essential for managing conversations about inheritance. Tiffany Tocco from Starkweather & Shepley Insurance suggested simplifying investment language for younger clients. Jason Borek of The Pinnacle Group noted that timely preparation for family discussions can determine the effectiveness of advisor-client relationships as family complexities grow, particularly concerning wealth transfer.
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FLP Acquires Arcadia RIA Overseeing $670M in Assets
FL Putnam Investment Management Company has acquired Arcadia Investment Management Corporation, which manages over $670 million in assets. This acquisition marks FL Putnam's first expansion into the Midwest, establishing its first office in the region. Arcadia, founded in 1987, primarily serves high-net-worth clients, foundations, and endowments. Following the acquisition, FL Putnam's assets under management now exceed $10 billion, enhancing their growth potential and market presence.
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Investor Calls for Roth IRA Guidance Amid $6M Portfolio – Dave Ramsey
A Wyoming millionaire called into 'The Ramsey Show' seeking advice on his $6 million traditional IRA. Starting with $200 and a $15,000 debt, Scott now holds $14 million in U.S. equities and $20 million-$25 million in debt-free real estate. Dave Ramsey highlighted the significant tax implications of converting to a Roth IRA, estimating a $2 million upfront tax bill if done at once. This case illustrates the complexities of retirement planning and the importance of strategic tax management.
Read More: Investor Calls for Roth IRA Guidance Amid $6M Portfolio – Dave Ramsey