Wealth management

The Financial Accounting Standards Board voted Wednesday to indefinitely defer certain disclosures about investments held by a nonpublic employee benefit plan in its plan sponsor’s own nonpublic equity securities.

The American Institute of CPAs has proposed new standards to build more rigorous oversight of CPA financial planners.

The subsidiary of Deloitte Financial Advisory Services LLP, Deloitte Corporate Finance LLC, has acquired the advisory-focused investment bank, McColl Partners LLC. Terms of the acquisition were undisclosed.

The Financial Accounting Standards Board has issued an accounting standards update setting forth a new approach for determining whether a public or private company is an investment company.

Seven out of 10 U.S. adults claim to have major barriers that prevent their families from openly communicating about who will make financial decisions on behalf of their aging family members if they become unable to do so, according to a new survey.

FinancialForce.com has partnered with global business consulting firm Bluewolf with the goal of helping companies access and enhance visibility into data that improve bookings-to-billing cycles and enrich customer engagement.

Last August, the American Institute of CPAs released an exposure draft of its updated guidance on the Valuation of Privately Held Company Equity Securities Issued as Compensation.

The Securities and Exchange Commission has suspended trading in 61 microcap shell companies in an effort to prevent stock fraud, in the second largest trading suspension in the history of the SEC.

A roundup of financial planning news from the previous month

Frequently satisfied by merchandising low-ticket items like 1040 preparation, CPAs think that any client who can fog a mirror may be a good PFP client.

Family health and the costs of long-term care and financial support for extended family have emerged as major concerns for high net worth investors and their families, with family health perceived as the biggest risks to family wealth, according to a new survey.

Fifty-four percent of millennials said that debt is currently their biggest financial concern, according to a new survey that found young adults struggling in the wake of the Great Recession.

A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that appraisers of employee stock ownership plans are not fiduciaries under ERISA.

Workday vice president Mark Nittler explains why so-called "bolt-on" business intelligence offerings are soon to be replaced by embedded analytics.

Americans in their sixties are taking more money out of their IRAs than those who are older, according to a new report.

CPA-based wealth management firm Hewins Financial Advisors has teamed up with accounting firm Wipfli LLP to introduce Cue Wealth Management Solutions, a strategic partnering system for CPA and registered investment advisor firms.

Members of Congress have introduced several bills this week to keep student loan interest rates from doubling in July.

Intacct has unveiled Flex Reporting, a new tool designed to allow strategic CFOs to manage performance, look at financial metrics -- particularly accounting measures-- and performance related information unique to an organization.

KPMG has launched KPMG Link Cost Projector – Online, a Web-based version of its global mobility budgeting software, designed to serve international HR and finance departments.

The Internal Revenue Service has published 2010 statistics on foreign trusts indicating an an increasing interest in foreign investment by U.S. taxpayers, and the impact of changes made in 1996 to information reporting requirements.