Wealth management

Certified financial planners said they are satisfied with their choice of careers and plan to keep the CFP designation for 19 years, according to a new survey by the Certified Financial Planner Board of Standards.

While half of all individuals with at least $500,000 in investable assets are women, just 34 percent expressed confidence they would have enough money to live comfortably in retirement, while fully half feel they need assistance in managing their finances.

A new study has found a link between high auditing fees charged to public companies and the companies’ decline in financial performance for up to five years in the future.

A majority of Americans believe that retirement planning is easier for unmarried people, according to a new survey, but those perceptions are probably wrong.

The Labor Department has decided to delay and reconsider a proposal to expand its definition of the term “fiduciary.”

I discovered yesterday that a gift card that was supposed to expire this month, according to the front of the card, actually expired over a year ago.

The “say on pay” disclosure provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act will not help the boards of public companies better manage executive compensation, according to a new survey by accounting and consulting firm BDO USA.

Credit Suisse has reached an agreement with German prosecutors to pay 150 million euros, or approximately $204 million, to resolve a tax dispute stemming from secret accounts at the Swiss bank belonging to German citizens.

The Internal Revenue Service granted tax filing and penalty relief Tuesday to large estates of people who died in 2010, saying their heirs will have until early 2012 to file the necessary tax returns and pay any estate taxes owed.

Regional CPA and business advisory firm Wipfli has formalized its Public Company Services Practice, a unit that will serve emerging growth and midsized publicly held companies as well as those considering initial public offerings.

The Internal Revenue Service has posted the instructions for the estate tax form for people who died in 2010, the year the estate tax was not in effect for many taxpayers.

A bipartisan trio of senators has introduced legislation that would foster the growth of S corporations owned by Employee Stock Ownership Plans, or S-ESOPs.

The Texas Society of CPAs has issued some tips for self-employed business owners for funding their retirements.

A new study from Fidelity Investments found that 401(k) investors who pulled out of the equities market during the 2008-2009 economic downturn experienced only 2 percent growth, while those who maintained their investment strategy eventually saw growth of 50 percent by the second quarter of this year.

The Financial Accounting Standards Board and the International Accounting Standards Board have updated the computer-readable tags for their accounting standards and exposed them for public comment.

SEC ADOPTS 'LARGE TRADER' REPORTING RULE

The family office was frequently a separate entity, with employees ranging from a chief executive or chief financial officer, to a staff of bookkeepers and personal assistants who could do everything from monthly financial statements to booking travel and personal-care appointments.

IMGCAP(1)][IMGCAP(2)]In the last month, the Dow Jones Industrial Average has dropped by more than 10 percent, and that significant change has investors and market participants on edge, concerned with what stock market volatility will do next and what repercussions it will have on the economy more generally.

Registered investment advisory-focused consulting firm RIA In A Box has introduced a bookkeeping service.

IMGCAP(1)]The SEC's proposed changes to broker-dealer financial reporting regulations could have a major impact on auditing firms that service broker-dealers.