Chicago-based Envestnet is the latest to join the robo-advisor trend with its purchase of Upside, which has developed an automated, online financial planning and investment platform to be white-labeled by financial planners.
Morgan Stanley said it will pay $2.6 billion to the U.S. government to resolve potential claims stemming from the sale of mortgage bonds before the financial crisis, reducing its 2014 profit by more than half....More
Income tax was a hot topic at this year’s 49th Annual Heckerling Institute on Estate Planning, and considerable attention was devoted to recent IRS guidance on an income tax issue specific to trusts and estates....More
Congresswoman Ann Wagner (R-Mo.) pushed back against President Barack Obama and the Department of Labor’s proposed fiduciary rulemaking, proposing a bill aimed at stalling the labor agency until the SEC had a chance to propose rules....More