From Country Song to Holistic Tech

From Country Song to Holistic Tech

David Edwards was a financial advisor in New York City who did enough business to take a few months off each summer to live on Nantucket with his wife and two children. Because he was the sole person in what Edwards called a lifestyle firm, he could leave work at 3 p.m., pick up his kids from school, spend time with them for after-school, homework, dinner, bath stories and bed.

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Investment News - What's the next emerging technology for wealth advisers?

Investment News - What's the next emerging technology for wealth advisers?

The current and future states of adviser technology were the subjects of two hour-long sessions at the InvestmentNews Technology Think Tank held in September in New York. In each session, participants were asked to identify their firm's top tech-related challenges and opportunities — first tackling those issues they face now and then turning to future concerns.

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Subscriptions: A New Pricing Model for Financial Advice!

Subscriptions: A New Pricing Model for Financial Advice!

As millennials get older and start to make more money, they are becoming an increasingly important client segment for financial advisors. This is especially true given that advisors’ bread and butter — baby boomers — continue to age. Not to mention that the $34 trillion wealth transfer is coming.

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Investment News - Technology issues test RIAs and custodians

Investment News - Technology issues test RIAs and custodians

Gather the technology leaders of competing custodians and registered investment advisers of various sizes, and there are sure to be some disagreements about whether robo-advisers are a blessing or a curse and which are the greatest cybersecurity threats.

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CNBC - What the battle over 401(k) plans means for your retirement

CNBC - What the battle over 401(k) plans means for your retirement

Right now, workers who have access to 401(k) plans will be able to invest up to $18,500 next year, while participants age 50 and over will be able to put away $6,000 more. Under current rules, investors will not pay taxes on those contributions until a later date.

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CNBC - The 401(k) debate continues as lawmakers float a $20,000 cap

CNBC - The 401(k) debate continues as lawmakers float a $20,000 cap

President Donald Trump and Congress have tussled this week over what meaningful changes, if any, to these retirement plans should look like. Earlier this week, Trump maintained that rules for contributing to 401(k)s should stay the same.

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How Some Savvy FAs are Overtaking ‘Basic’ Robos

How Some Savvy FAs are Overtaking ‘Basic’ Robos

Robo advice for mass-affluent investors keeps evolving. But brick-and-mortar advisors aren’t standing still. In fact, some traditional FAs are taking into their own hands ways to automate more sophisticated types of holistic planning – from philanthropy to tax strategies and healthcare issues.

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Investment News - Advisers find summer slowdown has become a thing of the past

Investment News - Advisers find summer slowdown has become a thing of the past

Summer isn't what it used to be, according to financial advisers.June, July and August used to be slower months when clients vacationed and advisers would recharge themselves and their practices, completing long-term projects aimed at business development and other operational improvements.

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Chasing HENRY, the Hottest New Prospect

Chasing HENRY, the Hottest New Prospect

Forget about “Where’s Waldo?” The search is on for HENRYs. That is, “High Earners, Not Rich Yet.” Forward-thinking advisors are pursuing this millennial subset, a young demographic packed with potential, as New York City-based advisor David Edwards, founder-president of Heron Wealth, told ThinkAdvisor in an interview.

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David Edwards of Heron Wealth: On Evolving with the Times and Building a Platform for Success

David Edwards of Heron Wealth: On Evolving with the Times and Building a Platform for Success

Working with top advisors like David Edwards, founder and president of Heron Wealth is a real joy. Marie Swift of Impact Communications spoke with David to uncover some of his secrets to success. David provides some great insights for fellow financial advisors. There are lots of great ideas and much to emulate here.

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