The Internal Revenue Service has issued an update on its enforcement efforts, announcing that it has collected more than $1 billion in unpaid taxes from millionaires, with payments from more than 1,200 individuals, over the past year. The ongoing initiatives are funded by the Biden-era Inflation Reduction Act, aimed at increasing the collection of tax…

Investment banking firm Robert A. Stanger & Co. raised its forecast for alternative investment fundraising from retail investors to $115 billion in 2024 after a steady first half of the year. Previously, Stanger projected about $110 billion in fundraising for the year. Fundraising for alternative investments available through the retail channel totaled $57.4 billion year-to-date…

IN “Navigating the path to product suitability”, I started a series of articles to suggest ways for agents to implement a structured approach to arriving at a safe and secure product recommendation. The approach is based on matching the prospect profile and intended use of the policy with the functional characteristics of the product, including…

On July 19, 2024, the Internal Revenue Service released the long-awaited final regulations on required minimum distributions for individual retirement accounts and employer plans. Two of the main rules addressed in these regulations are whether a particular beneficiary must take annual RMDs and whether such a beneficiary can get an extension to the 10-year limit….

Another team is jumping from Osaic to the LPL; this time, it's a New Jersey-based group with 22 advisers and about $1 billion in assets under management. Founded in 1979 and headquartered in Eatontown, NJ, Investment Advisors Financial Group is led by Thomas E. Musumeci, his daughter Annie Silvestro and James Flannery. In addition to…

Join us in this episode of Focused on the future as host Suzanne Siracuse sits down with Liz Nesvold, President of Immigrant Partners. Liz highlights the three critical areas that firms must focus on to ensure future success, discusses the key levers that contribute to a firm's top rating, and the profound influence her mother…

Welcome to this week's edition of 401k Real Talk. This is WealthManagement.com Omnichannel RPA Contributing Editor Fred Barstein & CEO at TRAU, TPSU & 401kTV coming to you from sunny Jupiter FL- I Review everything from the past week's stories and pick out the most relevant and interesting ones offering an open honest and candid…

The registered investment adviser market posted 75 mergers and acquisitions in the second quarter, up from 90 in the first quarter of 2024, according to the latest from Echelon Partners M&A RIA deal report. But Echelon said activity is strong, given that the second quarter has historically been the least active period. In fact, it…

Genstar Capital, a leading private equity player in the wealth management space, is making a majority investment in Docupace, which provides back-office software and support to advisory firms. Genstar's recapitalization of the firm follows FTV Capital's majority investment in 2020. FTV will remain a minority investor. Connected: Private Equity in Wealth Management: Genstar Since FTV…

Sponsored by In this episode of the RIA Edge Podcast, David Armstrong, editorial director for Informa Connect's Wealth Management Group, talks with Howard Morin, founder and partner at Helium Advisors, about integrating tax planning into the core of wealth management services . Based in Seattle and started in 2016, Helium has grown organically, with some…