Several prominent RIA firms, including Mariner Wealth Advisors, Halbert Hargrove, Modera Wealth Management, Perigon Wealth Management and Wealthspire Advisors, are joining forces to launch a new consortium to promote and disseminate best practices on “net positive” strategies. ” for customers and communities. Other founding member firms in the Net Positive Consortium include Andrew Hill Investment…

What is currently driving clients to seek estate planning guidance? To find out, Trusts & Estates recently conducted an in-depth survey of the financial advisor and estate planning attorney communities. This webinar will present the findings of that research and discuss what clients are concerned about now and what financial advisors and estate planning attorneys…

(Bloomberg) — Vice President Kamala Harris has been silent on a Democratic bid to tax unrealized investment gains — casting doubt on how hard she would push for a key point of the party's efforts to raise taxes on billionaires. Harris, who has already pledged to roll back one of President Joe Biden's key capital…

One last one Bank of America study found that while the vast majority of wealthy Americans donate to charity, age and gender play a large role in their motivations, priorities and giving strategies. “Generational and gender experiences shape worldviews and values, influencing cause selection and how people give,” said Jennifer Chandler, head of philanthropy solutions…

State securities regulators received 7,914 tips and complaints in 2023, up 14% from 2022 and 19% from 2021, according to the annual enforcement report released by the Securities Administrators Association of North America. Other agencies referred 1,467 cases to states, 608 of which came from the Securities and Exchange Commission or the Financial Industry Regulatory…

Open, honest, and candid discussion about using data for cross-selling, whether the DC system can handle a mobile workforce, a sea change happening right now, and more. Source link

• The Tax Court agrees that the remainder beneficiaries made gifts in the termination of the limited interest estate (QTIP)—Clotilde McDougall died in December 2011 with an estimated fortune of $60 million. Her husband Bruce and two children survive her. Her estate plan directed that most of her estate (about $54 million) be held in…

IN The missing billionaires The authors noted, “some pretty spectacular financial train wrecks can be largely attributed to decision makers focusing on wealth maximization rather than the utility we get from spending our wealth.”1 They opined that one of the principles of an optimal retirement spending and investment policy is to “react to changes in…

You may have noticed an increase in US citizen clients who want to officially leave the United States. They do so for a variety of reasons, including dissatisfaction with the political climate and economic trends, as well as to pursue international opportunities. But as Joan K. Crain notes in her article, “Expatriation: Look Before You…

The lifetime gift and estate tax exemption is scheduled to drop in half in 2026 under current law.1 As all eyes begin to focus on the upcoming presidential and congressional elections, practitioners and their clients may have renewed concerns about new tax legislation to reduce the exemption—perhaps by more than half. Practitioners may experience an…