Wealth management

A Georgetown University professor has proposed a different idea in the ongoing debate over how investment advisors should be effectively regulated: outsource the heavy lifting to accounting firms.

Shadow Financial Systems has added new cost-basis accounting features to its ShadowSuite securities-clearing software to address recent tax-reporting requirements.

Emerging Information Systems Inc. has introduced a new version of its NaviPlan Select financial planning software with improved estate planning features, a redesigned presentation module, and support for real estate investment trusts.

CPA wealth management firm Glass Jacobson merged in OneSource Financial Services of Montgomery Village, Md., on Tuesday.

Most accountants involved in tax preparation are already involved in financial planning, even though they might not realize it.

Ptolemy presented his model of the Earth-centered universe in the Second Century AD. It was another 1,200 years before Copernicus's theory of the Earth rotating around the Sun gained traction, with some refinements added along the way. Opposition came from opposing theological viewpoints, as well as the natural reluctance to adapt new ideas. That same reluctance to adapt to changing realities persists in our "high-tech" world.

LABOR DEPARTMENT DELAYS FIDUCIARY RULE CHANGE

Few things can be as painful as choosing a broker-dealer that you later regret. the key to making a switch worth your while is your diligence process and assessing whether you are hearing the truth or being sold a bill of goods regarding the matters that are important to your assessment criteria.

PricewaterhouseCoopers has published the firm’s annual guide to tax and wealth management, “Managing Your Wealth.”

The Internal Revenue Service is facing challenges keeping ahead of financial services companies that create sophisticated financial derivatives and offer them as a way to evade tax liabilities.

This week is National Save for Retirement Week, and a variety of financial planning groups are promoting that fact to attract clients.

G2 Fintech has added a qualified dividend module to its TaxGopher software to handle dividends that can be taxed at lower, long-term capital gains rates.

In order to help financial advisors face the challenges of serving the growing elder market, the Insured Retirement Institute released the report “Retirement Planning and the Elder Market: Advisor Strategies to Understand and Work with Senior Clients.”

IMGCAP(1)]Today, investors divide “asset classes” into familiar subdivisions that are as distinct as Coney Island and Long Beach Island.

A majority of married couples in their 60s lack the knowledge about how to maximize their Social Security benefits and whether or not to expect Social Security advice from a financial planner.

Less than half of wealthy families have plans in place for transferring their assets to the next generation, according to a new survey.

The Internal Revenue Service said that the estates of married individuals who have died after 2010 need to file an estate tax return in order to pass along any unused amount of their estate and gift tax exclusion to their surviving spouse.

FAMILIES CHANGE HOW THEY PAY FOR COLLEGE

Whenever i see estate planning updates, the topics are most commonly applicable to your wealthy clients.

IMGCAP(1)]In the current business and economic climate, the value of being a pro-active tax and financial advisor for your business owner clients cannot be understated.