Appeals court reverses $5 million surcharge against trustee of revocable trust A settlor established a revocable trust with his son as trustee, along with a pour-over will. Thereafter, the settlor invested $4 million in his son's company in...
When establishing a new private foundation, one of the toughest questions the founders should answer is, Who will run the foundation after we're gone? Perhaps because it's a difficult question, some founders decide to defer the answer sometimes...
Prudential Investments has named Stuart Parker as president, succeeding Judy Rice, who will retire at the end of 2012. Rice is serving as chairman of Prudential Investments until her retirement. Parker has served as head of retail distribution for...
Why do people hire financial advisers? The answer might surprise you. Sometimes they are merely looking for someone to pull the trigger for them when they’re too shell-shocked to invest for themselves. Other times it’s a scapegoat thing - when...
This week, FINRA fined Merrill Lynch $1 million for making it hard for former brokers of the firm to fight back in bonus disputes. That’s pocket change for a financial services leviathan like Merrill, which has paid as much or more out to...
