A new competitor has entered the cash management market for advisory clients: Altruist Cash. The new offering, available now, was built by Altruist's in-house developers, who launched in 2019 and leverages some of the firm's existing infrastructure. Connected: Now self-purifying, the Altruist Becomes a True Guardian “This is designed to be used as advisers see…
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The Internal Revenue Service recently issued Proposed Regulations (proposed regulations) Section 1.6011-15, which are intended to limit the abuse of certain charitable remainder trust funds. In particular, the proposed rules target CRATs funded with appreciated assets, which are then sold, and the proceeds of the sale are used to purchase a single premium immediate annuity…
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Morgan Stanley has sued a former adviser in federal court, alleging that he is breaking his restrictive covenants after he started a new practice and retained custody with Charles Schwab. Morgan Stanley filed suit seeking a temporary restraining order against Zakariah Gardezy in Arizona federal court, alleging he breached contract after he left the firm…
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In this episode of Focused on the Future, veteran industry leader Suzanne Siracuse talks with Anna N'Jie Konte, president of Re-Envision Wealth, about the importance of taking a human-first approach with clients, how every advisor can incorporate AI in practice and why it's reshaping the way first-generation builders think about money. Specifically, Anna discusses: …
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Some clients and their advisors may think it's okay to use a 409A valuation report for a gift or estate filing. While they can get away with it if there is no audit, it is not advisable. Section 409A valuations create a “safe harbor,” which the IRS recognizes as a reasonable method of ensuring that…
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Open, honest, and candid discussion about Empower's retirement income platform, the latest retirement megatrend, advisors warming up to DC plans, and more. Source link
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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 MoreBeginning 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 MoreIf 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
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