Obama's budget would raise marginal tax rates to a maximum of 39.6%, up from 35%. High-income taxpayers would also face higher rates on investment income and limits on deductions.
Some companies would benefit, but others would take a hit to earnings
Implementing a “Buffett rule” to require a minimum 30 percent tax rate for the highest U.S. earners would raise $31 billion over the next decade, according to a government estimate.
Morgan Stanley, WellsTrade and Merrill Edge trail in Consumer Reports ranking of brokerages.
<i>InvestmentNews</i> has re-launched its RIA Rankings with a number changes to underlying data - and tools to create your own rankings.
Gaze replaces Watson, who left for LPL last year
Senate Democratic leaders will introduce a bill that would provide tax relief for small businesses that hired new workers and purchased new capital equipment this year.
Unlike earlier proposals by House Republicans, the bill wouldn't prevent any specific industry from qualifying for the break amounting to 20% of businesses' income
John Bunch, the former retail head at TD Ameritrade, has been named CEO at Adam Bold's RIA, The Mutual Fund store, which targets households that have $50,000 to $500,000 in assets. This, Bunch says, is 'a market that is the most underserved' by the advice community.
Tom Bradley will take the helm of TD Ameritrade Holding Corp.'s retail unit, replacing John Bunch, who is leaving to head up an investment advisory firm. Tom Nally will replace Mr. Bradley as head of TD Ameritrade Institutional.
A warning this month from Finra could reignite concerns about the use of senior designations
Firm to buy Genworth sub in second major deal in a month; insurer selling off noncore businesses
