iTHINK Community Foundation donates $10,000 The iTHINK Community Foundation, the philanthropic arm of iTHINK Financial, recently made a $10,000 donation to Little Birthday Angels, a nonprofit organization dedicated to celebrating the birthdays of homeless children on Florida’s Treasure Coast. This generous contribution will directly support Little Birthday Angels' various programs, including their “Birthday Bags of [...]
Tyler Wolf joins Rehmann's Stuart office as senior manager of advisory and tax Tyler Wolf joins Rehmann's Stuart office as senior manager of advisory and tax. Rehmann, a leading professional advisory and financial services firm, announced that Tyler Wolf has joined its Stuart, Florida office as a Senior Manager within the Advisory and Tax division. [...]
Merrill launches Ultra-High-Net-Worth Advisory Group Merrill Wealth Management announced the launch of its Ultra-High-Net-Worth (UHNW) Advisory Group, a team of more than 25 Merrill specialists who will partner with advisors to deliver comprehensive wealth and investment solutions to UHNW clients and connect them to Bank of America’s breadth of capabilities. This Group will help advisors [...]
BofA private bank study of wealthy Americans finds generational divide in investing, giving, and preserving wealth Millennials and Gen Z allocate three times more of their investment portfolios to alternative investments than older generations High-net-worth individuals believe U.S. stocks offer the best opportunities for growing assets, but that conviction is less held by younger investors [...]
Average 401(k) Balances Up Nearly 10% in 2023 Bank of America released its Q2 2023 Participant Pulse (PDF), which found average 401(k) balances increased by $7,250 (9.6%) since the end of 2022. The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans. The number of participants taking hardship distributions [...]
Merrill Wealth Management names new presidents Bank of America today announced that Lindsay Hans and Eric Schimpf have been appointed presidents and co-heads of Merrill Wealth Management, reporting to Bank of America Chair and Chief Executive Officer Brian Moynihan. As presidents, Hans and Schimpf will join Bank of America's executive management team and oversee more [...]
VERO BEACH –The following is a piece written by John D. Orcutt Jr., Vero Beach Branch Manager and Senior Vice President/Investments with Stifel, Nicolaus & Company, Incorporated, member SIPC and New York Stock Exchange. "Many Treasure Coast citizens generously support numerous thriving local non-profit organizations that provide social services, health care, cultural activities and environmental [...]