Tax Law Update: July 2016

Jun 16, 2016

• Internal Revenue Service rules that termination of marital trust won’t implicate Internal Revenue Code Section 2519 because initial qualified terminable interest property (QTIP) election was void, but release of power of appointment...

Cetera Taps Former eMoney Chief as Board Member

Jun 16, 2016

Cetera Financial Group said Thursday that its parent company, which just recently emerged from bankruptcy and reorganization and was renamed Aretec (Cetera spelled backwards), has selected Edmond Walters, former CEO of financial planning software...

Report: DOL Rule May Force Advisors to Abandon Small Investors

Jun 15, 2016

U.S. investors with less than $100,000 in assets may soon have an even harder time getting a financial advisor...

Fed Skips June Increase as Six Officials See One Hike in 2016

Jun 15, 2016

Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing...

Morgan Stanley Adds Miami Office for Latin American Wealth

Jun 14, 2016

Lots of wealth here. | FotoMak/iStock/Thinkstock ...

SIFMA Economists Expect No June Rate Hike, Brexit

Jun 14, 2016

Ninety percent of the Securities Industry and Financial Markets Association’s Economic Advisory Roundtable expect the Federal Open Market Committee to not increase interest rates tomorrow, and none of the members expect a British exit from...

Editor’s Letter: June 2016

Jun 13, 2016

Retirement Woes Won’t Go Away

John Oliver Takes on Retirement Plans

Jun 13, 2016

Financial advice doesn’t often cross into the world of late-night talk shows, but HBO made another foray into the industry (following the series Ballers) Sunday night with Last Week Tonight, a news show hosted by John Oliver...

FINRA Names Washington Lawyer Robert Cook New CEO

Jun 13, 2016

The Financial Industry Regulatory Authority (FINRA) has named Washington-based securities lawyer, Robert Cook, as its new president and chief executive officer, the regulator said on Monday...