If you are a retail financial advisor (independent, RIA-affiliated, wirehouse --- it doesn't matter where you sit), please contact me or any of WealthManagement.com and REP. staffers. We are searching for candidates to receive our 33rd annual Advisors with Heart Awards. The award and profiles (and how-to incorporate philanthropic advice into your practices) will appear in the May issue, both in print and online. ...More
On Dec. 28, 2012, the Internal Revenue Service published final regulations regarding Type III supporting organizations (SOs), along with temporary regulations. Gerald B. Treacy, Jr. walks you through them...More
Increasingly, global-minded philanthropists want to support causes overseas, triggering unique legal and tax challenges. Philanthropic experts Betsy Brill and Michael Donovan discuss how to guide charitable clients looking abroad....More
The federal government helps our clients be philanthropists with tax incentives that greatly reduce the out-of-pocket cost of charitable gifts and in many instances, enable donors to contribute much more than they originally imagined....More
On Sept. 24, the Internal Revenue Service issued REG-134974-12, “Reliance Standards for Making Good Faith Determinations.” The proposed regulations address the standards for making a good faith determination that a foreign organization is a charitable organization to which a private foundation can make qualifying distributions....More
Charitable planning is undergoing a transformation. Uncertainty over future tax rates and deductions means wealth managers need to stay flexible and informed. Download this 48-page special supplement from WealthManagement.com on philanthropic strategies for affluent clients....More
Like private foundations, community foundations are grantmakers. But unlike the Ford or Gates foundations, a community foundation is a public charity and receives contributions from a wide range of donors, each of whom can affect where the money goes. For some, a community foundation can achieve the same goals as a private foundation, but without the administrative headaches....More
Some people have tangible items in their estate that can’t be legally sold, creating a problem—There’s a fair market value that creates a tax liability, and yet, no easy way to sell the asset to pay the tax...More
On July 27, 2012, the Internal Revenue Service issued eight favorable rulings for a newly formed private foundation (PF) that proposed a transfer of all of its net assets to two separate PFs (Private Letter Ruling 201230026)....More
Hey I just quit my job as an assistant to an FA (long story...)
Was thinking of going into the insurance side, and then use it as a leverage to get in the training program of a canadian bank on the investment side.
I talked to insurance agents at my old firm, commission seem to be comparable and the market larger yet it seems the investment side attracts far more applicants.
So what made you choose insurance over invesment? Did anyone make the transition from insurance to getting investment-liscenced properly?...More
Sales called backbone for business. I am sales person in one MNC so i need app to manage my tasks, work details please share with me if you have any app for sales. My friend Linda suggest me about top ipad Sales Assailant App ( Coming soon ) and other another apps. If you have any suggestion please share with me ..
Federal and state prosecutors, as well as several New York law firms, have put the screws to advisors this week. Back in the U.S., a former stockbroker who fled prosecution for a pump-and-dump scheme was hit with a 7-year jail sentence this week, while FINRA and Massachusetts levied multi-million fines against some of the biggest independent broker-dealers....More
Perma bears are not seeing the big picture. Now is not the time to predict the economic apocalypse or “aftershocks," according to New Constructs' founder David Trainer. Investors need to beware of those selling doom and gloom....More