Leaders of families with substantial wealth $50 million and more are worried about the future. One of their greatest concerns is whether their children and grandchildren have the right values and competencies to make important decisions about the...
Despite the weak economy and turbulence of the capital markets during these past several years, charitable giving remains a significant part of many wealthy individuals' financial and estate planning. Since 2000, Americans have donated more than ...
From David Handler, in the Chicago office of Kirkland & Ellis LLP, we have this update, including his report on the Revenue Ruling that has the estate-planning world buzzing 2004-64: Grantor trusts do not cause taxable gifts and discretionary...
When the scandal craze that has gripped the securities industry first got its kick in the pants two years ago from Eliot Spitzer and his crew, few in the industry recognized how deep it might go. Sure, some nefarious conflicts of interest would be...
They're coming to get you. As the number of arbitrations filings increases, so too do the odds that you will be called to appear in a regulatory hearing. The complaint may not even be against you; registered reps are often summoned to testify...
In recent years, Prudential Securities has fended off numerous challenges to the legality of its deferred compensation plan, known as MasterShare, but it might have more than the usual amount of trouble shaking Yaakov Holansky's case. The trouble...
Ryan Beck, a regional firm concentrated in the Northeast, is stepping up efforts to improve its name recognition and is also getting more aggressive in recruiting. The firm is paying more in its transition packages, a signal that it's not just the...
There were a number of reasons why Melinda Stephens, a nine-year veteran of the securities industry based in Los Angeles, switched broker/dealers last year. But one of them was because she was worried about her own security namely, the level of...
Soft dollars is a heavily debated topic these days, particularly among the fund managers who shoulder the commissions load. A new study from The Journal of Portfolio Management asked chief investment officers at 72 asset management firms what they...
The military genius Sun Tzu said, Every battle is won before it is ever fought. I'm not sure how many kids Sun and the missus sent off to State U., but his wisdom is easily applied to the process of paying for college. The key to helping clients...
