Brokerage firm executives aren’t generally known for their glowing adoration for regulators and their proposals, but Dick Averitt of Raymond James Financial Services had some particularly harsh words for the NASD in a speech here Monday...
Charitable giving through private foundations, trusts and donor-advised funds has been booming for the past few decades. There are now more than 40,000 private foundations in the United States. And the National Center for Family Philanthropy...
The investment industry demands, by regulation, that an advisor a client before making any recommendations. But most firms make satisfying that requirement too easy. All a client need do is fill out an account-opening form and, maybe, answer a...
Sarbanes-Oxley mania is hitting the charity world. The government is considering a myriad of measures to make nonprofits more accountable. Industry observers say it's not a question of whether the government will tighten the reins on charities...
The wealth management industry has become the darling of the media, with headlines flashing Wall Street Fights Over the Rich and How to Bank Like a Billionaire. Though the trade has quietly been around for more than 150 years, all the media hype...
Helping clients shift wealth to younger generations in a tax efficient manner is a primary goal of all estate-planning professionals. Nevertheless, many clients are unwilling to make lifetime gifts to their descendants unless they can retain some...
What trust and estate attorneys establish in terms of the division of assets and their control can affect how a family's members deal with each other for several generations. One lawyer confessed that it was not until recently, when some of his...
