People Moves: $5.7B Prosperity Replaces President With Tax Firm Executive

Published on August 25, 2026

In other people moves, LPL lures a technology leader from Wells Fargo, U.S. Bank hires private banking chief, alternatives manager Barings names U.S. wealth head, and Northern Trust expands wealth leadership in New York.

Continue reading on website
Other news

AI Washing in WealthTech: How to Tell the Real from the Relabeled

August 25, 2026
The WealthTech market has a serious AI-washing problem. The term borrows directly from a parallel wealth management executives already understand. Just as greenwashing described investment managers who marketed ESG commitments they could not substantiate, AI washing describes technology vendors who relabel rules-based automation as artificial intelligence.

The More Often You Check Your Portfolio, The More Volatile It Seems

August 25, 2026
How volatile your portfolio feels depends mostly on how often you look at it. Daily prices jump around. Weekly prices jump less. Monthly prices are smoother than weekly, and annual prices are smoother than monthly. Checking more frequently does not change your investment. It does change your level of anxiety.