The targeted federal tax, projected to raise $4.4 trillion over a decade, is being floated as a similar motion aimed at wealthy individuals in California gains traction.
Meanwhile, &Partners lures another Wells Fargo team in upstate New York, and Summitry expands in California with a new $721 million partner firm.
New "Dash" capability within Moneyguide aims to boost client prospecting discussions, while WealthStream's newly launched AI platform looks to help fill early gaps in advisor expertise.
A $2.8 billion anchor book is already in place as the outspoken hedge-fund investor looks to broaden distribution beyond institutions.
Proposed regulations outline who can open the accounts, when elections must be filed and how “responsible parties” would manage investments and rollovers.
With trillions sitting in old workplace plans and small accounts often defaulting to cash IRAs, Roth dollars appear to be the hardest for clients — and their advisors — to track and consolidate.
Research from Wells Fargo and RBC shows women’s risk-adjusted returns and wealth creation surging, especially among younger high-net-worth clients
Meanwhile, estate planning tech platform Vanilla and TaxStatus, the IRS-sourced data provider, have inked timely fintech tie-ups for advisors in the thick of tax season.
A Florida judge has ordered the regulator to release portions of internal spreadsheets used to determine billions in recordkeeping fines during its Gensler-era crackdown.
Meanwhile, Carson announces a milestone acquisition in New Hampshire, while fee-only RIA Savant plants its third stake in Michigan.
