Putnam Investments is adding bells, whistles and lots of new tax-related information to a website it launched for financial advisers last fall. The firm's “Wealth Management Center is a consolidation of Putnam's financial planning related resources, said William Cass, senior vice president, Putnam Retail Management. He said the website is a good selling point for his wholesalers meeting with financial advisers — but is not about pushing Putnam products. “This site is about investor education and client seminars and white papers. There's nothing product-related on the website,” said Mr. Cass. Well, almost nothing. There is a link at the bottom of options in the right hand margin that allows you to “Explore Putnam Funds.” The site is particularly strong in addressing tax-related issues and implications of the tax bill passed by Congress last year. White papers, power-point presentations from client seminars and even video interviews with Putnam executives and others on “PutnamTV,” get into the nitty-gritty of the tax laws. “There's a lot of content on the new tax law passed in December, and also insights on what happens after the next two years,” said Mr. Cass. “We're focused on what advisers need to do with investors to plan for higher taxes on 2013. The current list of tax topics under the Investor Education menu included the following: Capitalizing on tax clarity Health-care reform and its impact on investors Net Unrealized Appreciation (NUA) Avoiding the Alternative Minimum Tax (AMT) Income in respect of a decedent tax deduction Developing a tax-smart retirement income strategy Using investment losses to your advantage 2011 tax rates, schedules, and contribution limits Historical tax rate chart
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
