Rowan University is establishing a School of Financial Planning — and it is doing so with a landmark $10 million commitment by Edelman Financial Engines, the school announced today.

When US Hall of Fame financial adviser Ric Edelman calls the traditional retirement portfolio of 60 per cent shares and 40 per cent bonds “downright crazy”, people tend to listen.

A financial advisor's workday is a tug-of-war between happily engaging with clients on the one hand and grudgingly interacting with operations, trading and compliance on the other. In other words, you're hunkered down trying to keep up with a host of competing demands.

In a wide-ranging interview at Citywire's CIO Summit in Scottsdale, Ariz. on Thursday, Ric Edelman predicted that wirehouses will soon enter the RIA space with renewed vigor and that an RIA will go public.

On June 1, the InvestmentNews Awards returns to the Edison Ballroom on West 47th Street, inviting advisors, firm leaders and industry partners to swap spreadsheets for spotlights and celebrate the work they do for clients every day.

College is the most profound decision that teenagers make—and even when college is the right choice, lots of your clients’ teens will choose a bad college path. Or, more accurately, they’ll traverse that path far too slowly. And it’s up to you to help them avoid that costly mistake.

For decades, college was considered the ultimate launching pad—your ticket to a good job, a stable life, and financial freedom. But today, that path feels a whole lot blurrier. In this episode, Jean sits down with leading financial expert Ric Edelman, whose new book The Truth About College pulls back the curtain on what higher education really delivers—and where it falls short.

Criticizing young people about their pricey avocado toast is so 2017. As housing and food costs skyrocket, insurance premiums rise, and Americans stagger under almost $2 trillion in student loan debt, scolding about individual decisions is giving way to advice on how to stay afloat amid fundamentally altered financial realities.

Citywire spoke with a range of individuals across the wealth space and elsewhere to get a sense of the pros and cons of prediction markets as retail investors flock to the practice through brokerages like Robinhood.

If you would like to retire within the next 10 years, the numbers matter more. You can still adjust your savings, investment risk, work plans, and household costs, but the margin for error narrows. The moves below reflect how respected financial professionals think about saving for retirement and the actions they believe offer the most value.