Financial education for athletes; scam risks to seniors more serious than previously known
Financial Planning
The leading resource of news, data and analysis for the wealth management industry.
Sudden wealth often overwhelms young athletes. Edyoucore Sports & Entertainment , founded by Morgan Stanley alum Drew Hawkins , aims to provide financial coaching and education that sets sports stars on a stable path to long-term financial security. Read Nathan Place ’s report.
Financial fraud is a greater risk for seniors in America than previously believed, according to a new study from FINRA; even the cognitively unimpaired are vulnerable. Elder fraud costs more than $28 billion a year —?but advisors can help. Victoria Zhuang reports.
At a small to midsize RIA and worried about client retention in the face of Schwab’s integration? Those who understand how big custodians operate will be better positioned to keep their customers. Michael Watson of Axos Advisor Services has four ways to compete with your custodian and come out on top.?
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As an organization partnering with the HBCU community, we commend Drew Hawkins for his commitment to improving financial outcomes for athletes. We also appreciate Victoria Zhuang's report on the severity of financial fraud risks to seniors. In line with our shared mission, we are dedicated to providing financial literacy, education, resources, funding, and opportunities to HBCU students and the broader HBCU community. To further support these efforts, we encourage collaboration among organizations, institutions, and individuals to create a more inclusive and financially literate society. Together, we can #securethebag and empower our communities.