Unlike gradually amassed wealth, sudden wealth recipients often find themselves with assets that surpass their resources and knowhow to manage them.

Using a scalpel and not a machete

Nick Schorsch was one of WealthManagement.com's 10 to Watch in 2014. In the wake of Nicholas Schorsch stepping down from his company and the turmoil surrounding accounting errors at its sister firm, some wonder whether RCS Capital (RCAP) can...

Guidance on 2 percent AGI floor 

It's getting harder and harder to climb the savings ladder. | Phil Ashley/Photodisc/Thinkstock The average U.S. household savings rate increased from about 5 percent in 2013 to 6 percent in 2014, according to a new study by Hearts & Wallets...

Trustees must get it right for 2014.

Dear Lady Gaga. | Copyright Kevin Winter, Getty Images...

Advisors can save clients money and stress when a child wants to pursue a costly college degree.