Does Client Philanthropy Pose a Conflict for AUM Advisors?
If your client reduces his assets under management through charitable giving or other means, does that make the flat-fee approach better for advisors?
Schwab DAF Clients Gave $1.2 Billion to 56,000 Charities in FY2016
For the second consecutive year, Schwab Charitable distributed over $1 billion in charitable grants on behalf of its DAF account holders.
Vanguard’s New Model for Retirement Spending in Low-Yield Market
Vanguard has developed a goals-based approach to retirement spending with a low-return environment in mind.
Financial Services Firms’ Reputation Still Shadowed by 2008 Crisis
The 2008 financial crisis continues to shape negative consumer views of the financial services firms.
10 National Charities Called ‘Transparency Dodgers’ by BBB
Better Business Bureau charity evaluator names charities that have declined to provide detailed information on their finances.
Foundations Adjusting to Lower Returns, for Now
Private and community foundations are holding spending steady amid lower returns, but can they live with middling investment performance in the long run?
Vanguard, Fidelity Charitable Name New Execs
Vanguard Charitable has a new CFO, and Fidelity Charitable recently named a new president.
College Endowments Seen Posting Worst Returns Since 2009
Funds with more than $500 million lost 0.73%, Wilshire says; universities set to report fiscal 2016 returns in the fall.
17 Wealthy Families, Individuals Sign Gates-Buffett Giving Pledge
The pledge encourages billionaires to give the majority of their wealth to philanthropic causes.
Fidelity Charitable Wants to Help Advisors Provide Philanthropy Services
The new program provides education and counseling to help advisors incorporate philanthropic planning and sophisticated giving strategies into their service offerings.