For E. W. (Woody) Young, one day stands above all others for showering his lady clients with love: Feb. 14. Each Valentine's Day, Young, who runs Quest Capital Management in Dallas, hosts a lunch for his unmarried female clients. Though such a...
Are investment research firms, such as Morningstar and Ibbotson Associates, now rivals to reps? FAs, who subscribe to Morningstar and Ibbotson research by the thousands, might be forgiven for thinking so. Ibbotson, traditionally focused on...
After several months of deliberations and input from all 18,000 of its employees, the soon-to-be-spun-off American Express Financial Advisors selected as its new name (drum roll please) Ameriprise. Apparently that's better than the ones left on...
As T&E was going to press, the wealth management community was buzzing with reports that Republican and Democratic Senators were working on new estate tax reforms. Kristen French, reporter for T&E 's sister publication, Registered Rep...
Circular 230,1 the Internal Revenue Service's pronouncement regulating written tax advice, applies to all tax practitioners, including estate planners like me much as I might wish it affected only nefarious sellers of dubious tax shelters. Here is...
Stock in a closely held business can be the dominant asset of a married business owner. Therefore, if the owner gets divorced, the business is often the largest portion of the marital estate and the most vulnerable. Divorcing clients already have...
H. Amos Goodall, Jr., author of the May issue's The Death Tax Is a Good Thing, is dead wrong to oppose a permanent repeal of the estate tax. For the fourth time in as many years, the House of Representatives on April 13 did exactly the right thing...
Many art collectors try to avoid paying sales tax, capital gains and, ultimately, estate taxes. They craftily build collections below the radar by paying cash, using money orders, and shipping art to states that don't collect sales tax. Many also...
David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., have this report: Momentum is building to gut the Type III supporting organization. Supporting organizations in general and Type IIIs in particular were bashed...
An unethical practice is widespread among charities with donor-advised fund (DAF) programs. Financial advisors1 benefit financially from promoting and facilitating the contribution of their clients' funds to charities. These deals, in which donors...
