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PCIA's Take on Retirement Adviser Industry M&A, Wealth Trends


PCIA’s Take on Retirement Adviser Industry M&A, Wealth Trends
Emerging market realities continue to strengthen the ties between retirement plan advisory services and individual wealth management, as evidenced by recent M&A activity.
Prime Capital Investment Advisors (PCIA) recently announced its acquisition of the assets of Sphere Wealth Management, an independent wealth management shop in Fayetteville, Arkansas.
The transaction added more than 200 families and three new advisers to PCIA’s business, which, according to chief executive officer Glenn Spencer, remains equally focused on the retirement planning and wealth management segments. In fact, while discussing the transaction and the broader industry merger and acquisition (M&A) landscape, Spencer suggested this dual focus is probably his firm’s greatest advantage moving forward. ....

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The Bill that Would Jeopardize Independent Contractors


The Bill that Would Jeopardize Independent Contractors
On Monday, I caught up with Evelyn Pyburn from the Big Sky Business Journal. She mentioned a bill that would jeopardize independent contractors, which is big business here in Montana, of course.
After she mentioned that bill on the radio, we got a bunch of phone calls from small businessmen and women who work as independent contractors, especially in the construction industry.
What bill was that? They asked. So I followed up with Evelyn.
The bill is known as the PRO Act and has been introduced by Congressional Democrats in the past. According to the US Chamber of Commerce: ....

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'The world has changed': The scrambled new politics of the minimum wage


The world has changed : The scrambled new politics of the minimum wage
Alex Seitz-Wald
© Provided by NBC News
WASHINGTON Bernie Sanders, Josh Hawley and Amazon don t often find themselves on the same side of an issue.
But years of stagnant wages that have failed to keep up with living costs and the political realignment spurred by Donald Trump are bringing together more than just Sanders, the independent senator from Vermont; Hawley, the Republican senator from Missouri; and Amazon, one of America s biggest businesses.
The politics of the minimum wage have been scrambled, dividing the business community and making strange bedfellows out of populists on the right and the left. ....

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