Private-equity and hedge fund managers should pay higher taxes on their fees, according to some financial advisers.
An industry-friendly 401(k) fee bill could be drafted soon in the House Ways and Means Committee to avoid some of the more-onerous provisions of an earlier bill.
Despite widespread incredulity from the public about the weird details of hotel empress Leona Helmsley’s will, some advisers know that bizarre bequests are not uncommon, having watched their own clients seek to rule their families from beyond the grave.
On Saturday, all eyes at the Financial Planning Association’s annual conference in Seattle were on keynote speaker Christopher Gardner, the financial adviser whose rags-to-riches story was celebrated in the 2006 hit movie “The Pursuit of Happyness,” starring Will Smith.
Poor planning leaves his heirs with unnecessary legal fees and an onerous tax bill The way his terrible estate plan is unraveling, if the late James Brown, the “Godfather of Soul,” could see from wherever he is, he wouldn’t be screaming his most-famous three words: “I feel good.”
Sixteen years ago, Jessica Abrams’ life revolved around her pony. To buy the horseshoes and other accessories she needed for shows, the then 14-year-old baby-sat several days a week and carefully saved.
Another threat to hedge fund managers: A new proposal may keep them from deferring taxes on compensation, The Wall Street Journal reports.
Pension funds would be adversely affected if taxes on private-equity were raised, said witnesses.
Senate hearings on taxing-carried interest begin tomorrow, but reports predicting its impact are out now.
More voices are joining the discussion of how best to disclose the costs of 401(k) plans to the employees who participate in those plans.
The chairman of Josephberg Grosz & Co. was sentenced to four years and two months in prison for evading tax payments on the sale of tax shelters.
Nationwide Financial Services Inc. has kicked off enhancements to its Lifetime Income Rider.
DETROIT — Financial advisory firms that concentrate on holistic planning and leave the investment management to outside professionals are seeing the benefits in real dollar terms, according to a recent study.
NEW YORK — Workers know they need financial planning, and they are looking at their employers to guide them to sound decisions, according to a study from Ameriprise Financial Inc. in Minneapolis.
The tax-services giant reported a first-quarter net loss of $302.86 million, or $0.93 per share.
Gordon Robert Moore was indicted by a Colorado grand jury on 45 counts of theft, securities fraud and forgery.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
Blackstone Group claims its yearly tax tab would increase by $525 million under legislation proposed in the Senate.
Workers know they have to save for retirement, but they’re lost without financial planning, a study found.
