Practice

The IRS has released guidance on issuing tax refunds to same-sex married couples in the wake of the Supreme Court’s decision striking down the Defense of Marriage Act.

Despite a tarnished reputation, annuities make sense for some clients. Even so, advisors highlight some of the biggest challenges they face in using annuities for clients.

Nearly one in five working-age Americans (18%) believe they will never be able to retire, more than the 12% who said so globally.

If traditional marketing is about going out and finding potential clients, inbound marketing is about creating ways for potential clients to find you.

An ex-Merrill Lynch advisor and his client face federal charges after allegedly setting up a network of offshore accounts to conceal an insider trading scheme.

The CFP Board extended a broad amnesty to hundreds of advisors who had been breaking its rules by calling themselves fee-only on the board’s website. The surprise move prompted calls for the board to reconsider and possibly rescind recent sanctions of other CFP holders for similar transgressions.

A complaint filed by the SEC accuses a former Merrill Lynch advisor and his client of making insider trades and hiding profits in offshore accounts.

JPMorgan Chase & Co., Barclays Plc, Credit Suisse Group AG and 10 other international lenders were sued by a U.S. credit union regulator alleging they illegally manipulated benchmark Libor interest rates.

The Logic Behind Annuities

Two veteran founders of well-heeled financial planning firms—Richard “Richie” Lee of Lee Financial in Dallas, Texas and Michael Leonetti of Leonetti & Associates in Buffalo Grove, Ill.—readily confess that luck as much as deliberate strategy has contributed to their firms’ success.