Wealth management

Accounting Today is in the midst of collecting submissions for its 2013 ranking of the Top Firms by AUM.

Developments in financial planning from the previous month

Gauging how much risk a client is willing to take is not an easy task. instead, it is a moving target that some professionals compare to diagnosing an illness of a baby or a pet that cannot tell you how they are feeling.

The increase in payroll taxes this year has led to financial stress for many Americans, while taking a toll on their waistlines, sleep patterns and friendships, according to a new survey.

International Federation of Accountants CEO Fayezul Choudhury talks about how accountants, accounting standard-setters and auditors can help stabilize the world financial system in the wake of the financial crisis, in an interview with AccountingToday.com editor-in-chief Michael Cohn.

Barack and Michelle Obama may need some better financial planning advice.

The majority of Americans prefer long-term financial planning over get-rich-quick schemes, according to a new survey.

Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

A pair of senators have introduced bipartisan legislation aimed at expanding the use of S corporation employee stock ownership plans, or S ESOPs, to encourage more Americans to save for retirement.

A new study indicates that despite calls for greater auditor independence, investors prefer companies to be audited by the same firm that also provides it with tax services.

The Securities and Exchange Commission has voted unanimously to adopt rules requiring broker-dealers, mutual funds, investment advisers, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft.

KPMG has formed a strategic alliance with cloud-based spend optimization product maker Coupa Software to helping clients transform their approach to procurement to improve savings.

Action is needed soon to keep multiemployer pension plans from sliding into insolvency, according to a new government report.

A large cache of secret documents reveals that tens of thousands of people, including government officials from around the world, are using offshore companies and trusts to avoid taxes.

The current rollover process for 401(k) plans favors distributions to individual retirement accounts rather than the 401(k) plan that a new employer might offer, and a new government report suggests the Internal Revenue Service and the Labor Department could be doing more to make the process easier.

More than a third of U.S. adults expect to spend their tax refunds this year on meeting everyday expenses, according to a new survey by the American Institute of CPAs, as the expiration of the payroll tax cut takes a bite out of workers’ take-home pay.

How one wealth manager is industrializing his approach to partnering with CPAs

There are several ways to serve your clients in the financial planning world. No model is wrong or right -- but there are some that may work better than others depending upon the makeup of your firm.

Responding to concerns about their allowance model and in an attempt to simplify impairment guidance for financial institutions, the Financial Accounting Standards Board has issued several exposure drafts of proposed models to take into account “expected losses” rather than the current “incurred loss” model.

More than half of working Americans either have not noticed or been unaffected by the January 1 expiration of the payroll tax cut, according to a new survey.