IN Shaddick v. Hessler, 316 Neb. 600 (May 10, 2024), the Nebraska Supreme Court held that express tax-splitting provisions in a decedent's revocable trust violated the state law rule that all beneficiaries share proportionately the burden of the inheritance tax. Michael Hessler created a revocable trust as part of his initial estate plan. Later, he…

Populism has been on the rise around the world in recent years, and its rise in the United States has serious implications for how lawmakers will handle the year ahead. $4.6 trillion tax cliff. In broad terms, populism manifests itself in public policy as proposals aimed at raising working-class families. These populist perspectives can topple…

While studying at Duke University, Martine Lellis began to feel ill. It quickly progressed to a hospital visit where she was diagnosed with pneumonia in both of her lungs. The condition escalated to a near-death situation, so her doctors decided to induce a coma even before her parents could reach her. It became so severe…

A warm 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 Steam Jupiter – I Review everything from the past week's stories and pick out the most relevant and interesting ones offering an open honest…

World Investment Advisors, an institutional and wealth-focused advisory firm that just recently renamed from Pensionmark Financial Group, has acquired Boston Harbor Wealth Advisors, a Westborough, Mass.-based team with $3.5 billion in assets, 76 team members and 15 offices in the Northeast and Ohio. The team was previously affiliated with Raymond James Financial Services, the firm's…

Hear Barry Martin, lead portfolio manager at Shelton Capital Management, as he discusses growth and covered call strategy in investment portfolios. Learn the demographic and economic factors driving the popularity of covered calls, highlighting their potential for generating income and diversifying portfolios. This quick talk covers the mechanics of covered calls, the risks involved, and…

Charles Schwab executives said the transition of TD Ameritrade clients to Schwab's platform was going exactly as they expected during the firm's summer business update on Tuesday. According to Walt Bettinger, co-chairman and CEO of Charles Schwab, by the end of the second quarter of 2024, TD Ameritrade's former clients had switched from negative to…

A team of advisors led by Kara Boccella, formerly a partner at Certuity, a $4 billion registered investment advisor, has left to form their own RIA, Serenus Wealth Advisors. The new RIA has $1.2 billion in assets under management and will be based in Santa Monica, California. Prior to joining Certuity in 2014, Boccella was…

BlackRock's plans to use its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine leaders in the growing private lending arena. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | July 16, 2024 Source link

Morgan Stanley's wealth business missed expectations this quarter, as the division faced a steep 17% year-over-year decline in net interest income. The company boasted that its wealth division hit record client assets and asset management fee income during the quarter. But according to third-quarter earnings, the wealth division's net income was $6.79 billion, down 1%…