Wealth Building
WM Invest: Exploring Private Market Strategies with Tony Davidow
In this episode of the Wealth Management Invest podcast, WealthManagement.com's David Bodamer is joined by Tony Davidow, senior alternative investment strategist with the Franklin Templeton Institute. With over 35 years in the industry, Tony shares insights on the increasing accessibility of alternative strategies and the role of private credit, private equity and real estate in…
Read MoreThe impact of the Corporate Transparency Act on the art market
Beginning January 1, 2024, certain types of entities incorporated or registered to do business in the United States are required to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of the Treasury- of. The Corporate Transparency Act (CTA), passed in 2021 as part of the Anti-Money…
Read MoreGuide to submitting property to auction
If you've never transacted with an auction house, it can seem intimidating, but it doesn't have to be, and with the rise of online sales and more types of auctioned property (from sneakers to handbags), auctions are more a lot. more accessible than ever. Source link
Read MoreA closer look at art auction houses
Estate planning attorneys often have to work with art auction houses when their clients' estates include works of art. If the heirs are not interested in keeping the artwork in the decedent's estate, practitioners may advise them to enter into a consignment agreement with an auction house to sell the artwork. But there are a…
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SEC accuses two firms of lying about AI capabilities
The SEC fined two investment advisory firms for misleading statements about their artificial intelligence capabilities, which SEC Chairman Gary Gensler deemed a form of “AI laundering.” “We've seen time and time again that when new technologies emerge, they can create hype from investors as well as false claims from those who claim to use those…
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Want to be a 'Certified Crypto Expert?' It takes you 11 hours and $229
(Bloomberg) — To pass the CFA exams and put the letters “CFA” on your resume, at least 900 hours of study are is recommended. Hitting the books for 300 to 400 hours is Suggested for the certified public accountant exam, which is usually taken by prospective CPAs who have completed an undergraduate degree in the…
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FINRA fines M1 Finance on first charges involving influencers
M1 Finance will pay $850,000 to settle FINRA allegations that social media influencers paid by the firm made misleading or exaggerated claims to lure investors, the broker/dealer regulator announced. RESIDENCE is the first enforcement action resulting from a previously announced targeted examination of firms' oversight of paid social media influencers. Connected: FINRA targets firms' social…
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High rates and a hot market make tax returns more complicated
(Bloomberg) — Americans who enjoyed capital gains from a stock market rally or interest from high-yield savings accounts in 2023 may have some surprises waiting for them on their tax bill. This is showing as one of the main topic of this year's tax filing season. But there are even more considerations that taxpayers should…
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Conflict in the financial services industry is inevitable
Years ago, when company stock in 401(k) plans was a hot topic, I visited a publicly traded bank in western Pennsylvania that was facing a dilemma. Senior executives, also members of their 401(k) retirement committee, knew there was a big announcement that would negatively impact the bank's stock price. As ERISA fiduciaries, they asked me…
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