Wealth Engineering News

• Forfeiture Litigation: Treat It As a Nothing Burger at Your Own Peril May 16, 2025
  Advisors should avoid the temptation to dismiss the significance of forfeiture lawsuits.
• What Behavioral Economics Shows us about How to Manage Investor Expectations During Market Uncertainty May 15, 2025
  Behavioral economics can offer hope for helping clients navigate turbulent waters and stay focused on their long-term financial plan.
• Former Florida Advisor Gets 8 Years, Owes $37M for Tax Shelter Scheme May 15, 2025
  Florida-based Stephen Mellinger helped clients prepare tax returns that bilked the IRS of $37 million and earned him and co-conspirators about $3 million in fees and stolen funds.
• Former Hightower Advisor Moves Discrimination Lawsuit to Illinois May 15, 2025
  Glenn Frank, who was terminated from Hightower in December, is reviving a discrimination lawsuit against the firm in a different venue.
• Four Factors for Potential Breakaways to Keep in Mind May 15, 2025
  Launching an independent RIA is not a simple pivot.
• The Diamond Podcast for Financial Advisors: What It Takes to Become a Multi-Million-Dollar Producer May 15, 2025
  Altius Learning's Dave Mullen shares growth strategies honed from his tenure at Merrill, his three bestselling books and his advisor coaching practice.
• FINRA: Strong Governance Key For Firms' AI Success May 15, 2025
  During the agency’s annual conference in Washington, D.C., FINRA staff released data showing that registrants primarily used generative AI tools to summarize and answer questions.
• Advisors Accuse Ameriprise of 'Mud-Slinging' and 'Name Calling' May 15, 2025
  Ten advisors responded to Ameriprise’s opposition to their motion to stay its lawsuit against LPL, saying it’s “dripping with personal vitriol” and “contempt for their legitimate privacy interests.”
• LPL Financial Launches National Consumer Ad Campaign Featuring Anna Kendrick May 15, 2025
  LPL Financial is moving away from “quietly delivering” to a national, consumer-focused advertising campaign to bolster its brand recognition.
• Rising Demand for Financial Caregiving Amid Advice Shortage May 15, 2025
  Financial caregiving impacts 36 million U.S. households, creating challenges and opportunities for advisors.