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Cerulli: Independent RIAs to Outpace All Other Channels by 2028

Wealth Management

The consultancy projects independent RIAs to grow 4% annually through 2028, with insurance broker/dealer advisors seeing the most attrition with 2.6% annual declines.

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UBS Sees $83T Wealth Transfer Over Next Three Decades

Wealth Management

Almost a third of the world’s millionaires will be in emerging markets by 2028, according to the Global Wealth Report 2024, as the millionaire population increases in nearly every country.

Marketing 243
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Savant Moves into Florida with $440M FirstWave Financial

Wealth Management

On a mission to triple assets by 2028, Savant Wealth Management scooped up 11 firms and added offices in six new states last year.

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BlackRock Sees Model-Portfolio Investing Growing to $10T by 2028

Wealth Management

BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.

Portfolio 130
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RSUs 101: An Introduction to Restricted Stock Units

Zajac Group

Vest Period Hypo Vest Date Vested Share Price on Vest Date 1 1/1/2026 1,250 TBD 2 4/1/2026 312 TBD 3 7/1/2026 313 TBD 4 10/1/2026 312 TBD 5 1/1/2027 313 TBD 6 4/1/2027 312 TBD 7 7/1/2027 313 TBD 8 10/1/2027 312 TBD 9 1/1/2028 313 TBD 10 4/1/2028 312 TBD 11 7/1/2028 313 TBD 12 10/1/2028 312 TBD 13 1/1/2029 313 TBD But remember, as long as the stock (..)

Taxes 52
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: Marlboro cigarettes maker Altria looks to double its smoke-free revenue in 5 years, and considers expanding to cannabis and caffeine pouches, WSJ reports

MarketWatch

smoke-free volumes by 2028, and to double total U.S. MO said it is considering expanding into non-nicotine offering, including cannabis and caffeine pouches, according to a report in The Wall Street Journal. Altria had said at its Investor Day Thursday that it targets at least 35% growth in U.S.

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: BT sets plan to cut 55,000 jobs by end of decade as it forecasts drop in cash flow

MarketWatch

BT says it is aiming to reduce its total labor force, which includes contractors, from 130,000 down to between 75,000 to 90,000 by fiscal 2028 to fiscal 2030. BT Group UK:BT.A said it will cut up to 55,000 jobs by the end of the decade after posting financial results largely in line with company targets.