Wealth Enhancement Group, a fast-growing Minneapolis-based registered investment advisor with over $94.7 billion in client assets, acquired FinTrust Capital Advisors, a hybrid RIA headquartered in Greenville, SC. The deal represents WEG's 12th addition this year. FinTrust's team of 14 advisors and 13 support staff oversees more than $2.39 billion in client assets and is led…

IN McDougall v. CommissionerThe Tax Court held that the amendment of a qualified terminable interest property (QTIP) trust resulted in the children (as remainder beneficiaries of the QTIP trust) making gratuitous transfers and subject to gift tax under sections of the Internal Revenue Code Internal. 2501 AND 2511. QTIP Trust was amended The decedent died…

September 2024 was a successful month for the US ETF industry, with 126 new listings, according to CFRA's FUNDynamix ETF Database. Fixed income ETFs accounted for 62 of these listings and are often issued simultaneously by issuers as a product family. An example of this was State Street's launch of 14 target-maturity corporate and municipal…

I have small children. As I write this article, Halloween is still a month away, but they're already bouncing off the walls with anticipation—and a little fear. In many ways, estate planning today feels like wandering through a haunted neighborhood—some houses doling out generous tax giveaways, others that make you cringe with lost files. As…

Open, honest, and candid discussion about Empowering a Trustee to Buy Stock Options, Foreclosure Lawsuits, Group Plans, HSAs, and more. Source link

Aquilance, which provides personal financial management to extremely high net worth families and family offices, has hired Kevin Reed as the company's first chief revenue officer. He joins from Morningstar, where he served as global head of channels and partnerships, building the enterprise partnerships practice and launching integrations with such technology companies as iCapital, Broadridge…

Small and medium-sized companies have long relied on banks to finance their growth. But in recent years, regulatory pressures on capital have forced companies of this size to seek alternative sources of credit outside the conventional banking system. While private equity gets most of the headlines these days, private credit has become one 1.5 trillion…

Tuesday marks the first day of the final quarter of the year, and some of the largest registered investment advisers used it as an opportunity to announce deals. Mercer Global Advisors, the Denver-based RIA majority owned by Oak Hill Capital, Genstar Capital and Altas Partners, has acquired Kiely Wealth Advisory Group, a North Carolina-based RIA…

LPL Financial, the independent broker/dealer with more than 23,000 advisers, said its board of directors has fired President and CEO Dan Arnold for violating the company's respectful workplace policies. He has also resigned from the board. Rich Steinmeier, managing director and chief economic growth officer, will serve as interim CEO, effective immediately. In a statement,…

Financial services firm Edward Jones today launched its professionally managed SMA, focusing primarily on US-based large-cap stocks. SMA will be available exclusively to customers enrolled in Edward Jones' existing UMA program. It will offer between 40 and 60 large-cap securities, mostly focused on US-based companies with a market capitalization of over $10 billion. The SMA…