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How to start saving for retirement and the big picture of PE's wealth haul

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As the start of Friday ushers in the weekend, TWIWM is back with 16 wealth management news and views from your team at Financial Planning.

Division of basic questions: As in, how long does it take to bar an advisor from the industry when he’s awaiting trial on charges of murder and fraud? FP Reporter Justin Mack has the explanation for what is taking so long and a movie reference for any film buffs that helps place this bizarre case in context.

πŸ“ˆπŸ’‘πŸ€”πŸ’ΈQ&A about nudging young people to investπŸ’ΈπŸ€”πŸ’‘πŸ“ˆ: Put aside the stale jokes and anecdotal observations about Millennials and Gen-Z and read FP Editor-in-Chief Chana Schoenberger’s interview with ex-J.P. Morgan head of retirement solutions Anne Lester about her upcoming book sharing advice for young people on how to start saving for retirement in small steps that will go a long way in the end.

Office of Private Equity: Don’t go out there in the perpetually record-breaking wealth management M&A marketplace in any capacity without reading FP Wealth Editor Lynnley Browning’s deep analysis on the scale of the PE capital that’s reshaping the industry and the question of what it means for the future.

Dept of Views You Can Use: TWIWM has three outstanding op-eds for you this week: first, Goldman Sachs Global Head of Strategic Advisory Solutions Candice Tse explains how the time-honored wisdom of ‘everything in moderation‘ applies to today’s macro investing conditions; second, CPJA Global Advisors CEO Earl Carr provides this primer on what advisors need to know about the semiconductor industry; and third, Buckingham Wealth Partners Director of Advanced Planning Jeffrey Levine gives you a guide to net unrealized appreciation opportunities in private company employee stock plans.

Bureau of Wealth Tech: Just after a direct competitor received a billion-dollar valuation in a significant funding round, a digital platform for alternative funds and other products got one for itself as well, FP Tech Editor Ryan W. Neal reports. Plus, a major wealth tech firm made an interesting addition to its board as it pivots into a new business line related to its best known service. Also this week, an RIA that has an advisor tech company and an outside backer just made a major recruiting and M&A splash in the bank channel.

Tax Department: The IRS and tax professionals are warning that this season is shaping up to be ‘dumpster fire 2.0.’ Here’s why and how advisors can prepare clients ahead of the always-challenging sprint to Monday, April 18. In a longer term area, sister publication Accounting Today’s Roger Russell compiled the best strategies for grandparents saving for their grandchildren’s college.

Ofc of They’re All Compliance Stories: This ex-financial advisor pleaded guilty to a $9M Ponzi scheme. Looking across cases, state regulators say tech is changing the top investor threats from the traditional scams to these four most pressing areas of concern in 2022. In the realm of arbitration cases, this major wealth manager settled a million-dollar client claim for $250K while that giant firm settled a different one for about $600K. Interestingly, arbitrators granted expungement of brokers’ records in both cases. Finally this week, a midsize wealth manager settled its SEC case as the firm’s that didn’t participate in a big self-reporting program pay fines on top of restitution.