In a striking turn of events that has sent ripples through the financial and environmental sectors, a prominent United Nations-backed initiative focused on aligning the banking industry with climate goals has decided to halt its formal operations, raising pressing questions about the future of
In an era where the transfer of wealth across generations has become a defining challenge for affluent families, particularly in Asia where an estimated $5.8 trillion is expected to change hands in the coming decades, the stakes for preserving family legacies have never been higher. A staggering
In today’s financial advisory landscape, an often-overlooked challenge is emerging as a significant threat to both clients and advisers alike: the intersection of client health risks and financial stability. As the population ages, with many advisory clients in their 60s and 70s, issues like
In an era where financial pressures on younger generations continue to mount, a transformative shift is occurring in how wealth is passed down through families, moving away from traditional posthumous inheritances toward a practice known as "giving while living." This trend, increasingly popular
In a decision that has sent ripples through the wealth management industry, a federal judge has denied Merrill Lynch’s request for a temporary restraining order against a massive team of over 100 advisors who collectively managed $129 billion in assets before leaving the firm. This group, formerly
Imagine a fintech powerhouse on the brink of a historic public debut, only to be stalled by a political deadlock beyond its control, as a U.S. government shutdown, starting at midnight on a recent Wednesday, has thrown a wrench into the plans of Wealthfront, a California-based robo-advisor. Just
