HighTower and Focus Financial continue to snag advisors from the wirehouses. The HighTower Network picked up a Sacramento-based advisor team with $300 million under management from Merrill Lynch on Tuesday, while Focus partner firm LVW Advisors...
Only one-fourth (26 percent) of advisors started their professional lives in the industry; the majority came into the profession after spending time in another career, according to REP.’s annual compensation survey.
Of those career-changers, nea...
• Tax Court rules on estate tax effect of distributions from unsegregated revocable trust—In Estate of Olsen v. Commissioner, T.C. Memo. 2014-58 (April 2, 2014), the Tax Court was faced with a factual question of how withdrawals made by...
