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IRS gives businesses a break for donations related to SALT cap
REGULATION, LEGAL & COMPLIANCE AUG 10, 2020
IRS gives businesses a break for donations related to SALT cap

Businesses that donate to charities in exchange for a state tax credit can deduct those costs from their federal taxes, according to new regulation

Trump’s payroll tax deferral raises red flags on Social Security
REGULATION, LEGAL & COMPLIANCE AUG 10, 2020
Trump’s payroll tax deferral raises red flags on Social Security

The president is relying on an expansive and controversial reading of executive power that likely will face legal challenges

UBS cuts ties with some Venezuelan clients amid U.S. sanctions
PRACTICE MANAGEMENT AUG 07, 2020
UBS cuts ties with some Venezuelan clients amid U.S. sanctions

The move affects accounts with links to Venezuela's government or to the state-owned oil company, PDVSA

Planned CLO funds could be risky for retail investors, executive says
MUTUAL FUNDS AUG 07, 2020
Planned CLO funds could be risky for retail investors, executive says

ETFs that invest in collateralized loan obligations, such as the one Janus Henderson is proposing, may trip up individuals

Retail investors interested in alternatives
ALTERNATIVES AUG 05, 2020
Retail investors interested in alternatives

Younger investors like bitcoin, while older investors go for gold, JPMorgan says

ETF assets hit record as investors dump mutual funds
MUTUAL FUNDS AUG 04, 2020
ETF assets hit record as investors dump mutual funds

Exchange-traded funds saw $248 billion in net inflows so far this year, while mutual funds had $34 billion in outflows

Surge in SPACs inspires blank-check ETF
MUTUAL FUNDS AUG 03, 2020
Surge in SPACs inspires blank-check ETF

A new exchange-traded fund will track shares of companies that listed on exchanges by merging with special purpose acquisition companies

Low bond yields test 60/40 asset allocation
EQUITIES AUG 03, 2020
Low bond yields test 60/40 asset allocation

Alternative assets and private markets may help boost portfolio returns

State Street gold ETF is cash machine
MUTUAL FUNDS JUL 31, 2020
State Street gold ETF is cash machine

The fund is now making more money than any other product in the $4.6 trillion U.S. ETF market

Finra eases rules on expensing meals amid pandemic
PRACTICE MANAGEMENT JUL 31, 2020
Finra eases rules on expensing meals amid pandemic

Firms can classify meals as entertainment costs even if the get-together is happening online