With the Bush tax cuts extended for another two years, wealthy Americans can expect their tax liabilities to remain the same, right?
The U.K. government proposed replacing its current means-tested state pension with a flat-rate payment of about 140 pounds ($225) a week, with the goal of increasing incentives for people to save for their old age.
Although many federally registered advisers were scrambling last week to meet the March 31 filing date for the new ADV Part 2 forms, state-registered advisers in several states, including Michigan, Pennsylvania and Texas, were enjoying a bit of a reprieve
The fiduciary standard is all about serving the best interests of investors
The Labor Department is expected to release distribution guidance aimed at plan participants as they exit defined-contribution plans, according to a well-known employee benefits attorney
Elizabeth Warren, the Obama administration adviser assigned to set up the Consumer Financial Protection Bureau, said that lawmakers looking to limit the agency's authority should focus instead on the Wall Street “behemoths” aiming to undermine its mission
In 2,300 pages of legislation overhauling the U.S. financial regulatory system, there is no section or subsection entitled “mutual funds,” an indication that they were not seen as a primary culprit in the market crisis that shook the economy three years ago.
The shifting of thousands of investment advisers to state regulation is months away, but the Securities and Exchange Commission is busily laying the groundwork for the transition.
The frustration felt by advisers about the growing wave of regulation and failed attempts to influence policy erupted last week at a town-hall-style meeting in Las Vegas.
Although many federally registered advisers were scrambling to meet yesterday's filing date for the new ADV Part 2 forms, state-registered advisers in several states, including Michigan, Pennsylvania and Texas, were enjoying a bit of a reprieve.
Many financial advisers are finding out that they aren't as fluent in English as they thought
Advisers have an additional four months to prepare “plain English” brochure supplements about their investment personnel thanks to an extension granted by the Securities and Exchange Commission late last month.
McMillan also bemoans pace of reform, saying firms still not sure if they'll be deemed too big too fail
Retirement funds not even close to what employees say they'll likely need; confidence level lowest in 20 years
Imagine giving your clients an interactive retirement calculator that is about as simple to operate as an Etch A Sketch but can handle complex hypothetical scenarios — all with no initial manual data input required
Todd S. Thomson, Citigroup Inc.'s former head of wealth management, lured a top Bank of America Corp. financial adviser with $5.9 billion in client assets to join a new business that caters to independent advisory firms.
