Fidelity Investments was negotiating a contract with the former head of Schwab’s advisor business long before he was allegedly squeezed out due to corporate restructuring at the San Francisco company.
You don’t often see states’ slayer statutes invoked. We encounter them only rarely in our practice, and when we do, it’s in cases that generally go unreported.
Schwab Institutional had an awesome year in 2008, stealing clients and assets from wirehouse advisors and expanding its lead in the RIA custodian business.
The U.S. Government’s investigation of cross-border business by UBS and alleged tax evasion by some of the firm’s US clients has resulted in an indictment of Raoul Weil, Chairman and CEO of UBS Global Wealth Management and Business...
But not the bad kind. Now that the wirehouse model is kaput, working for a bank has new appeal. The bank brokerage space has come a long way from its free toaster days.
The Tax Court finds taxpayer did not indirectly gift partnership assets. Score another win for taxpayers and against the Internal Revenue Service seeking to use Internal Revenue Code Section 2511 to declare invalid a discount for a family limited...
Next year, no matter how preoccupied the federal government is and no matter who is president, a new federal estate tax law is quite likely to be adopted. If it isn't, on Jan. 1, 2010, the U.S. federal estate tax will disappear at least for...
The IRA rollover to charity has been extended through 2009. Buried in the $700 billion banking bailout legislation (officially known as the Emergency Economic Stabilization Act of 2008) that was passed by Congress and signed by President George W...
