Results for "legislation"
Displaying 2,227 results

Senate bill gives BDCs hope for increased leverage
February 2, 2018
Bipartisan support for the first Senate legislation to reform business development company rules is giving backers of the alternative investment hope for big changes ahead. In January, Sens. Dean Heller, R-Nev., and Joe Manchin, D-W.Va., introduced...

Edelman launches initiative to get D.C. to focus on retirement security
February 1, 2018
A prominent investment adviser and a Washington think tank are joining forces to try to get Congress to address policies that help people save for retirement and live comfortably in retirement. Ric Edelman, founder and executive chairman of...

As tax season gets underway, clients are looking ahead to how tax bill will affect 2018 returns
January 29, 2018
The federal tax overhaul put in place by Republicans has produced an unusual show of bipartisanship now that tax season is here: We are a nation united in befuddlement. It should come as no surprise then that tax preparers and financial advisers...

As Trump prepares for State of the Union, 50% of advisers approve of his job performance
January 29, 2018
President Donald J. Trump has more support among financial advisers than the overall public after a year in office. An InvestmentNews online survey of 745 readers conducted on Monday shows that 50.2% of financial advisers approve of the job...

How new leadership at DOL could address retirement rules
January 25, 2018
By all accounts, the administration of Donald J. Trump is slashing regulations across government. However, there are some exceptions to the rule, and a less ambitious deregulatory regime seems likely under new leadership at the Department of...

State fiduciary rules may be reckoning for life insurance industry
January 19, 2018
The life insurance industry escaped the jaws of the Department of Labor fiduciary rule only to come face to face with another beast: the states. New York's recent proposal to impose a best-interest standard on life-insurance sales — a higher...

State measures to prevent elder financial abuse gaining steam
January 18, 2018
States are increasingly wading into the fight to combat elder financial abuse, the top state securities regulator said Thursday. The North American Securities Administrators Association released a model rule two years ago that mandates that...

Legislation would make it harder for investors to sue mutual funds over high fees
January 17, 2018
[Update: On Jan. 18, the House Financial Services Committee approved the Mutual Fund Litigation Reform Act, 31-25.] Legislation that would make it more difficult for investors to sue mutual fund companies for excessive fees was poised to advance...

Tax reform creates opportunities for advisers
January 17, 2018
Wealth planning professionals could come out winners in the tax reform game. The new tax law doubles the estate and gift tax exemption amount, meaning fewer families will need extensive planning to avoid the tax. But that increased exemption...

Tax law: Everything advisers need to know about the pass-through provision
January 12, 2018
The new tax law's provision on pass-through entities could provide substantial tax savings to both financial advisers and clients this year. However, the rules are complex enough to make even an accountant's head spin. Here's a breakdown of...

Tax law's pass-through provision could harm 401(k) plans
January 5, 2018
The new tax law's provision on pass-through businesses is proving to be one of the most challenging to dissect, and it's one that some retirement pundits are eyeing with concern. Some industry groups, such as the American Retirement Association,...

New tax law favors charitable giving from IRAs
January 3, 2018
InvestmentNews has asked readers to submit their tax questions. Here are three new submissions. If you would like your tax questions answered, please write to assistant managing editor Chris Latham at clatham@investmentnews.com and reporter...

Send us your tax questions
December 21, 2017
Confused about the new tax bill? InvestmentNews wants to help. Send us your questions, and we'll ask experts to weigh in and then publish the answers. You may direct your queries to reporter Greg Iacurci at giacurci@investmentnews.com and assistant...

Tax plan: Everything financial advisers need to know about the final bill
December 18, 2017
After days of negotiations, Republican leaders aim to present a final tax bill to Congress for a vote this week, in hopes of getting it to the president's desk for signature by Christmas. The bill — the Tax Cuts and Jobs Act — reconciles...

Final tax bill gives pain, relief to financial advisers
December 18, 2017
A congressional agreement on sweeping tax-cut legislation reached late last week is causing consternation among some investment advisers because it will end tax deductions for advice. That is one ramification of a massive bill Republicans hope...

Tax update: Brady says sales tax deduction in final bill
December 14, 2017
Congressional leaders worked quickly to finalize compromise legislation for floor votes next week in an all-out effort to provide themselves and President Donald Trump with a major policy victory before the end of 2017. Here are the latest developments,...

House bill would allow electronic disclosure of retirement plan information
December 13, 2017
Bipartisan legislation allowing for electronic disclosure of retirement plan information was introduced Monday by Rep. Jared Polis, D-Colo. It was unveiled with 28 co-sponsors, including 15 Democrats and 13 Republicans. The proposed Receiving...

Tax bill may up capital gains taxes, disrupt adviser strategies
December 13, 2017
A provision of the Senate tax bill under debate would negatively impact capital gains taxes for some investors, and could have other wide-ranging effects on financial advisers and their clients, ranging from charitable giving to tax-loss harvesting....

Broker, retirement groups make last-minute pleas to change tax legislation
December 13, 2017
Interest groups representing financial advisers are making last-minute pleas to lawmakers to try to shape sweeping tax reform legislation hurtling through Congress. Republican and Democratic lawmakers were scheduled to convene a public session...

Legislation to combat elder financial abuse advances in Senate
December 6, 2017
Legislation that would give financial advisers civil liability protection when reporting suspected financial abuse of seniors advanced in the Senate on Tuesday. The Senior Safe Act was approved by the Senate Banking Committee as part of a larger...