25 The New Arms Race For Advisors LPL’ s Commonwealth acquisition jolted the industry, triggering unprecedented movement and richer offers. By Jacqueline Sergeant
30 10 Critical AI Realities Advisors are using AI without really understanding what’ s going on under the hood. By Matt Hallorant
33 How Planned Giving
42 Can Prediction
45 Behavioral Edge This FullerThaler mutual fund aims to profit from investor mistakes. By Jeff Schlegel
48 The Hidden Tax In Roth 401( k) s Workers who opt for their employer’ s Roth may be in for an unwelcome surprise. By Ben Mattlint
51 How Huge Litigation
53 How Student Loans
60 Will RIA Multiples Stay This High Forever? For RIA owners, the bigger question may be whether waiting five or 10 years to sell is worth the risk. By Ted Jenkin
Business Management
BROKER DEALER
25 The New Arms Race For Advisors LPL’ s Commonwealth acquisition jolted the industry, triggering unprecedented movement and richer offers. By Jacqueline Sergeant
YOUR BUSINESS
30 10 Critical AI Realities Advisors are using AI without really understanding what’ s going on under the hood. By Matt Hallorant
CHARITABLE GIVING
33 How Planned Giving
Can Improve Your Advising Practice
A rise in charitable bequests could prompt advisors to help clients with structured giving plans. By Bill Laskin
Wealth Management
INVESTING
42 Can Prediction
Markets Beat Wall Street Analysts? The Evidence Says Yes
A paper on prediction markets shows how information gets priced into financial markets. By Larry Swedroet
PORTFOLIO SPOTLIGHT
45 Behavioral Edge This FullerThaler mutual fund aims to profit from investor mistakes. By Jeff Schlegel
45
51
53
RETIREMENT PLANNING
48 The Hidden Tax In Roth 401( k) s Workers who opt for their employer’ s Roth may be in for an unwelcome surprise. By Ben Mattlint
INSURANCE
51 How Huge Litigation
Verdicts Impact Wealth Management
Wealthy individuals and business owners need to confront the risk of juries going against them with big awards. By Kenneth Golsan and Craig Cartmill
ESTATE PLANNING
53 How Student Loans
Became Part Of Estate Planning
New federal rules have capped borrowing and made education funding an estate planning issue. By Matthew Erskinet
PARTING SHOT
60 Will RIA Multiples Stay This High Forever? For RIA owners, the bigger question may be whether waiting five or 10 years to sell is worth the risk. By Ted Jenkin
I & WI ®, CFP ® and CFFP ® CE credit exams are on page 56.
CE exams are online at fa-mag. com / ce _ center.
2 | FINANCIAL ADVISOR MAGAZINE | SEPTEMBER / OCTOBER 2026 WWW. FA-MAG. COM