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“It is easy to screw it up, and it’s happening a lot,” says Robert Gordon of Twenty-First Securities.
"Ultimately, the challenge is how to most effectively translate clients' qualitative thoughts and feelings into quantitative approaches," says Merrill's Michael Liersch.
Advisors from Morgan Stanley, with combined assets of more than $387 million, made the move to Merrill Lynch.
Advisors from Merrill Lynch and Wells Fargo were elected to IMCA's board of directors.
Stifel Financial hired a new branch manager who previously worked for Merrill Lynch.
The wirehouse is set to increase deferred comp for its advisors in 2015.
How clients pay more than what they're supposed to pay in taxes every year because they tend to overlook some tax deductions, and how they can effectively manage their taxes by year-end, by making tax-advantaged savings plan contributions and keeping withholding tax close to their actual tax liability.
Profits are up at wealth management firms, and executives are taking stock of their priorities and goals.
Big tax bill looms for mutual fund investors; 4 secrets to getting more from your 529 account; How taxes and trading costs kill investment returns
On Wall Street extends its deadline for its annual ranking of the top 40 advisors under age 40.
Long-term capital gains tax rates in 2014; IRS revises a limited-amnesty program for offshore accounts: Year-end retirement planning strategies
How clients can still reduce last year's tax bill before the extended filing deadline of Oct. 15 for 2013 tax returns; Ask the right questions after a manager change like Bill Gross' departure from Pimco; Stretch out tax savings during retirement years
On Wall Street has dropped its minimum AUM for its annual ranking of the top 40 advisors under age 40. Who will it be this year?
Analysts expect investors exiting Pimco's Total Return Fund will move into alternative strategies.
The profitability of alts for investment managers and product originators promises that the deluge of alternative investment opportunities will continue.
Alternative investments have been growing rapidly in popularity in recent years as new funds have been mushrooming and money has been flowing in. Andy Saperstein, Morgan Stanley’s head of investment products and services, explains the wirehouse’s history of working with alts and Morgan’s current approach to leveraging them in client portfolios.
Strategies for mitigating the net investment income tax; Tax credits vs. tax deductions; Four investments with unusual tax rules.
Advisors are increasingly calming clients worried about longevity risk when planning for retirement.
August has arrived and many advisors and their clients are most likely taking a much need summer vacation. But as On Wall Street found, there are some advisors who are neverly off duty no matter the season.
Wunderlich Securities picked up an advisor with $70 million in client assets from Raymond James & Associates.