Wealth management

The Internal Revenue Service issued a ruling yesterday clearing the way for institutional investors to seek changes to incentive fees assessed by hedge funds, which may make it cheaper for them to invest in such offerings.

One of the key hurdles that advisors encounter in considering the transition to offering integrated wealth management services is the fundamental gap between the marketing model employed by traditional financial advisors and the practices that tax advisors are familiar with from the accounting world.

Tax rules continuously change, but the specific tax matter here is not what’s important. What is important is the process.

Broker-dealer HD Vest Investment Services announced that its VestAdvisor Select portfolio management platform has reached over $1 billion in assets in the 19 months since its launch.

Check out the digital edition of the June 2014 issue of Accounting Today.

When I practiced as a CPA, there were days when I left the office wondering why anyone would ever want to go back tomorrow and do it again. Those days seemed to drag on forever. I did not feel very productive or accomplished, and generally didn't feel good about myself or my chosen career path.

Strategies to help your clients save for the rising cost of college

Accounting Today is in the midst of collecting submissions for its 2014 ranking of the Top Firms by AUM.

Bernard Madoff’s fraud might have been detected with enough due diligence in mid-2006, more than two years before the Ponzi scheme collapsed, a U.S. Tax Court judge ruled.

Broker/dealer HD Vest Financial Services Inc. has launched a proprietary tool to help its affiliated advisors integrate client tax information into their financial plans.

Financial stress among employees increased significantly last year, according to a new survey, with 23 percent reporting "high" or "overwhelming" levels of financial stress compared to only 18 percent in 2012 and 19 percent in 2011.

Twenty-five percent of Americans across all age groups admit they are not saving at all for retirement, or are unsure, according to a new survey.

The balances of Roth IRAs grew at more than double the rate of traditional individual retirement accounts from 2010 to 2012, according to a new analysis by the Employee Benefit Research Institute.

Those of us who already miss Jay Leno’s old “Jaywalking” segments on the Tonight Show shouldn’t be surprised that a lot of people just aren’t aware of what most of us would consider “common knowledge,” but a new survey demonstrates once again that you can never be too sure about your assumptions.

Real estate investment trusts were originally created to permit tax-efficient public investment in real estate, but REITs have also found wide use as private vehicles.

The Internal Revenue Service has published final regulations to provide guidance on which costs incurred by estates or trusts other than grantor trusts are subject to a 2 percent floor for miscellaneous itemized deductions.

Paid-for stock research has generally elicited widespread skepticism, but a new scholarly paper by three accounting professors suggests that paid-for analysts are more like auditors and credit-rating firms than is generally believed.

Congressmen Mark Pocan, D-Wis., and Scott Peters, D-Calif., along with 21 other House Democrats, have introduced legislation to lower all federal student loans to 4 percent and allow borrowers to refinance their student loans at a lower rate.

Premature withdrawals from retirement accounts have become America’s new piggy bank, cracked open in record amounts during lean times by people like Cindy Cromie, who needed the money to rent a U-Haul and start a new life.

Consulting may be an attractive career move for CFOs who may not be ready to stop working when they retire, according to a new poll.