The House measure lifts the cap on state and local tax deductions to $80,000 from the current $10,000 limit, while a Senate proposal would cap the deduction based on income.
Just 1,275 wealthy families paid $9.3 billion in estate tax last year, while as recently as 2018, the IRS had collected more than $20 billion from nearly 5,500 families.
The agency seized $3.5 billion worth of cryptocurrencies in fiscal 2021, accounting for 93% of all assets seized, and an IRS official says he expects that trend to continue next year.
The agency filed 434 new cases in fiscal 2021, while ordering $3.9 billion in penalties and disgorgement, down from $4.7 billion in fiscal 2020.
In a recent speech, SEC Commissioner Allison Herren Lee pointed out how the annuity rule differs from Reg BI on mitigating conflicts of interest.
Advisers at First Citizens Investment Center at Iowa-based First Citizens Bank were previously affiliated with Cetera.
Savant Investment Group, based in Emeryville, California, is Mariner's ninth acquisition this year.
Chief Executive Dick Weil, who was instrumental in the 2017 merger of Janus Capital and Henderson Group, will retire at the end of March.
The firm is announcing an initiative, the Equity Collective, in which wealth and asset management firms commit to working with career-focused community organizations to reach young people from more diverse backgrounds.
The fifth annual awards recognize five firms for their innovative ideologies and inventive initiatives: Orion, Vanilla, Ethic, Raymond James and Miracle Mile Advisors.
Guaranteed Income Direct is integrated into Fidelity’s employee benefits portal and offers workers immediate income annuities at institutional pricing from the insurance company of their choice.
Louis Barajas, Terri Kallsen, Peter Rohr and Martin Seay are joining the 17-person board.
The ambition is not to simply offer a growth portfolio that keeps pace with a growth benchmark. On a much grander scale, AMA seeks to add “account alpha” through various advice levers for a participant’s goals.
The partnership will be first multistate auto-IRA program in the country.
Democrats back the legislation, but Republicans are united against it. While the measure was passed by a House committee, an advocate calls winning congressional approval a 'Herculean task.'
As many as 89% of borrowers say they will have trouble making student loan payments when they resume on Feb. 1, according to a recent report.
As the stock market slowed in the third quarter, investors continued to process multiple market influences underscored by supply chain disruptions and pent-up demand from reopening economies.
To stand out in the sea of sameness, you need to be willing to be different.
Financial advisers are uniquely qualified to become a part of the solution to this crisis by helping to bridge the financial literacy gap.
The Invesco ESG S&P 500 Equal Weight ETF will invest in companies considered leaders in ESG metrics; Apple, Facebook parent Meta and Tesla are among the companies that will be excluded from the fund initially.
