In tax terms, a bargain sale is a sale to a charity for less than the fair market value (FMV) of the item being sold. These sales can be a real win-win: the charity acquires something it needs, but otherwise couldn't afford, and the donor/seller...
Many clients are planning to make large gifts before the end of 2012, to take advantage of what may be a fleeting opportunity to do so without incurring any gift tax. The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of...
While federal law remains in flux on numerous fronts, there's been a flurry of state-level developments on a number of topics. Here's an overview of some key estate-planning issues that states were focused on as we went to press. Same-Sex...
Location: Melville, N.Y. Assets under Management: $500 million plus Production: $5 million Expertise: CPAs Some advisors make teaming up with CPAs look so easy. Jonathan Kuttin is one of them. But a successful partnership doesn't happen overnight...
Registered Rep.: How will the SEC handle the fiduciary standard for broker/dealers this year? John Taft: They'll propose a rule, ask for comment on that proposed rule, and they're going to do cost-benefit analysis based on that rule, and...
In a March report titled A Tale of Two Millionaires, McKinsey & Company coined the term core millionaires to describe the 4.2 million households in the U.S. with between $1 million and $10 million in assets. These clients are the meat and potatoes...
Location: New York City Assets under Management: $250 million Production: $1.9 million Expertise: LGBT investing The last decade has been a tumultuous one for financial advisory services for the lesbian-gay-bisexual-transgender community. Before...
Location: San Francisco Assets under Advisement: $1.3 billion Production: N/A Expertise: Socially responsible investing Most advisors don't get socially responsible investing, says Thomas Van Dyck, senior vice president at SRI Wealth Management...
Location: New York City Assets under Advisement: $5.5 billion Production: $5.7 million Expertise: Faith-based investing The Catholic Church is deeply hierarchical, but broad discretion is left to member organizations in the area of investing...
