Practice

While the contributions aren’t deductible, distributions such as earnings are tax-free to the designated beneficiary if they’re used to pay for qualified disability expenses.

The Managed Funds Association urged the agency to do more analysis before moving forward.

Demand from clients has some advisors reconsidering sustainable investing strategies.

“We’ve said no layoffs for this year and we’ll stick by that,” Chief Executive Officer Brian Moynihan said Thursday.

Director tenures, nominations and committees are changing after an independent task force identified weaknesses.

The discrimination case revolves around allegations of disparate treatment in the firm’s agency distribution channels.

Average portfolios tend to be traditional and helped stabilize markets during the COVID-19 crash, new research shows.

The agency issued guidelines scaling back a tax break for client entertainment, following through on an element of President Trump’s 2017 tax overhaul.

The company is turning to what it sees as a talent pool with proven success rates.

These firms oversee more than $185 billion in combined assets.