Independent broker/dealer American Beacon Partners was shut down in May by its parent holding company Beacon Acquisition Partners (BAP), which then conducted a mass transfer of the IBD’s 90 reps to another of its subsidiaries, Allied Beacon.

New Haven, CT – July 5, 2011 – Keith Bradoc “Brad” Gallant, a New Haven-based partner in the Trusts and Estates practice group of Day Pitney LLP, took office July 1 as president of the Connecticut Bar Association (CBA). Mr. Gallant will serve a...

Average profits surged 45 percent last year among registered investment advisors surveyed in Charles Schwab’s annual benchmarking study, but don’t look for a repeat of this year, says Bernie Clark, the head of Schwab Advisor Services...

There was an old woman who lived in a shoe Had she planned on giving that shoe (her personal residence) to a charitable remainder unitrust (CRUT) or charitable remainder annuity trust (CRAT) and didn't vacate before funding the trust no income tax...

Financial advisors like to peddle performance, and Talon Asset Management in Chicago is no exception. Senior Principal Terry Diamond says the practice, with about $1.1 billion in assets under management, has seen only three losing years over the...

Ninth Circuit affirms Tax Court that assets transferred to family limited partnership (FLP) are includible in decedent's estate In an unpublished memorandum decision dated May 4, 2011, the U.S. Court of Appeals for the Ninth Circuit affirmed the...

Ninth Circuit affirms Tax Court that assets transferred to family limited partnership (FLP) are includible in decedent's estate In an unpublished memorandum decision dated May 4, 2011, the U.S. Court of Appeals for the Ninth Circuit affirmed the...