Once upon a time, turning 50 meant you were "over the hill." Today, 50 is the new 40 and according to researchers at the International Institute for Applied Systems Analysis and Stony Brook University, 60 is now middle-aged.Read More
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Everyone is talking about robo advice, but will it fundamentally change the investment advisory practice? Can online technology replace face-to-face advice, either for today’s core client base of baby boomers or for tomorrow’s investors –– the cyber-savvy millennials?Read More
I'm a "coastal elite." My clients are "coastal elites" and "international elites." Most of us did not vote for Donald Trump last week, and none of us expected that he would actually win. I believe that Trump didn't think he'd win.Read More
It’s been a long time since David Edwards, president of Heron Financial Group, has had to code anything. But in the years since he stopped working in IT (he began his career in systems at Morgan Stanley in the 1980s), Edwards has never forgotten certain key principles, notably the importance of having in place a system that lends itself toward creating efficiency.Read More
Financial advisers and investment houses across the country have been besieged Wednesday by investors looking for reassurance, guidance on whether to sell or stay put and advice on how to play Republican Donald Trump's upset win over Democrat Hillary Clinton.Read More
Fidelity Investments' digital advice platform for financial advisers to use with clients will integrate some of eMoney's basic financial planning tools and will be available in March 2017 for a small number of advisers to test, the firm said.Read More
For most young people, finances are terrifying. Unless you were blessed with a mentor, who took the time to explain personal finance, you might be avoiding words like compound interest, 401(k), and emergency savings accounts.Read More
Forget about everything the media is saying about Millennials. The group born between the late 1970s and 1990s is anything but lazy - yes, I am referring to the young people who in many cases are still living at home with mom and dad.Read More
Credit smarts and financial literacy aren’t required courses in college, but young adults should learn those topics on their own, credit and financial experts say, and preferably, not through trial and error.Read More
As Americans live longer, they run the risk of outliving their money. By many measures, Stanley and June Blum have an ideal retirement. He is a retired shoe-industry executive who paints and writes poetry.Read More
The industry as a whole has to go a step farther, said David Edwards, president of Heron Financial Group. Software vendors are automating the procedure of all of these forms, but custodians should clean up the way advisers must deliver these forms to their clients or prospective clientsRead More
Dave Edwards, president of Heron Wealth, a New York City-based registered investment advisory firm, is considered an expert in the field of robo-advisory services (he's speaking at the Investment Advisor Association in late July on the following topic: "Practical Application of Robo Technology").Read More