Mass Affluent Investors Are Losing Interest in Wealth Managers
By William ShawThese clients now get "something close to private-banking quality from AI," said Debasish Patnaik, a senior partner at McKinsey.
June 18, 2026
Number of 'New' Medicare Supplement Enrollees Climbs 14%Problems in the Medicare Advantage market are nudging consumers back toward the original Medicare gap-filler plans.
June 18, 2026
PRO
How to Avoid the Most Common Social Security Survivor Benefit MistakesA common advisor error involves instructing widows and widowers to wait until 70 to collect benefits.
June 18, 2026
AE Wealth Launches Securities-Based Lending SolutionThe new offering by the RIA and wealth management TAMP allows clients to borrow against their eligible investments.
June 18, 2026
SpaceX IPO Among 5 Busiest Trading Days in Schwab HistoryThe offering drew demand from retail investors across demographics, and the firm got some 140,000 client calls about it, said CEO Rick Wurster.
June 18, 2026
Massachusetts Court Strikes Down Tax Cut Ballot MeasureThe cut would have shrunk tax bills for state residents of all income levels while costing the state more than $5 billion a year.
June 18, 2026
Yardeni Says Fed May Hike if Serious About 2% Inflation TargetBut the strategist also notes that falling gas prices may help new Federal Reserve Chair Kevin Warsh get "lucky" and avoid any action.
June 17, 2026
PRO
Even With Marriage Equality, LGBTQ+ Clients Have Planning ChallengesMany of these clients do not have children, advisors note, complicating retirement and estate planning.