The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
Advisers nearly universally agree that a return to office meetings is key, and that they must change
Family offices traditionally were set up by wealthy families to manage their assets, along with handling taxes, estate planning and other chores. As the ranks of the rich expanded, so did the number of family offices.
Last year, the 25 largest independent broker-dealers reported $26.6 billion in revenue, an increase of 4.3% from 2019. Although financial results were far from spectacular, growth at leading IBDs last year was resilient in the face of the Covid-19 pandemic and the havoc it caused for the broader stock market.
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
After a six-day bench trial in U.S. District Court in the Southern District of Iowa Central Division, a judge ruled in favor of Principal on all counts. Salesforce also won a case, while a new one was filed against Kimberly-Clark, and another was settled by John Hancock.
Robos are continuing to make incremental product expansions to make their digital advice platforms more competitive with incumbent banks.
Most state-level advisory firms are one- or two-person shops staffed exclusively by financial professionals.
A 12-member group at the independent broker-dealer will work on company and industrywide initiatives.
The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.
She is another in a line of recent SEC enforcement directors who comes to the agency with experience as a federal prosecutor.
The deal announced Thursday will add about $6 billion in assets across 71 retirement plans to Atlanta-based OneDigital Investment Advisors’ business.
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
The newcomers had criticized Blucora for mishandling the broker-dealer, Avantax, calling it a potential 'gem of the wealth management industry.' The shareholders reelected the 10 current board members.
MMC Group will be based in RBC’s office in Jericho, New York.
Agency officials reportedly are looking at ways to increase transparency for the types of derivative bets that sank Archegos Capital Management.
Former adviser Lester Burroughs was also found guilty of wire fraud in a criminal case.
Here are a few telltale indicators that say you’re ready—and some tips to get your journey started.
The legislation would bump up the annual contribution limit, taking it from the current maximum of $13,500 to $16,500. Sens. Susan Collins and Mark Warner note the proposed increase is the midpoint between SIMPLE plans and traditional 401(k)s.
