Regulators, consumer advocates and politicians continue to hammer out what it might mean for Series 65 investment advisors and series 7 registered reps to adhere to the fiduciary standard, under the Obama administration's June plan for financial...
After months of negotiations, UBS announced it has signed a formal agreement with the IRS to end the cross-border dispute regarding alleged tax-evading UBS American clients. As a result, the names of approximately 4,450 American clients of the...
Do you have clients who want guaranteed income, but are reluctant to sign onto an annuity that pledges underlying assets to an insurance company? New hybrid products, known as “Stand Alone Living Benefits (SALBs)” combine an annuity...
Merrill Lynch is embarking on an aggressive “push” to hire financial advisors, according to the Financial Times. The story says that since the signing bonuses are greater than those handed out in the bull market of 2006 and 2007, it is...
An Ohio based financial advisor is asking Smith Barney to forget about that loan he owes them which stems from a sign-on bonus. In fact, he alleges, the original contract he signed with his old firm is unenforceable and void.
Bet you didn’t know that there is a provision in the tax code that allows Ponzi victims to deduct 95 percent of their net investment losses the year the theft is discovered.
Estate planning for professional athletes can be a whole different ballgame. For most clients, estate planning takes into account wealth that will be, or has been, accumulated over many years. It is the financial advisor's job to protect that...
Costa Mesa: "My income has taken a hit and I just don't feel I can afford to put on some of these intimate Rainmaking events you described," said Mike during a break in one of my practice management workshops.
