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After hiring Kara Murphy, the wealth manager aims to roll out investment management research and modeling tools for more than 2,400 advisors.

The near doubling of the capital gains tax rate would have a large impact on the net profit from any sale of any capital asset.

Drew Hermiller is an associate at Nelson Mullins in Charleston, South Carolina. Hermiller practices with the tax and benefits group and has experience counseling clients on complex domestic and cross-border transactional tax matters. He can be reached at drew.hermiller@nelsonmullins.com or (843) 534-4125.

C. Wells Hall, III is a partner at Nelson Mullins in Charlotte, North Carolina. Hall advises clients on the federal, state and multi-tax aspects of acquisitions, reorganizations, restructuring of business entities, and private equity transactions and estate and gift tax planning in connection with such transactions. He can be reached at wells.hall@nelsonmullins.com or (704) 417-3206.

The stress tests used to trigger anxiety across Wall Street, but the banks’ solid showing underscores how comfortable the industry has grown with the exercises.

(Bloomberg) — An unpleasant surprise for wealthy Americans lurks halfway through a 114-page document released by the U.S. Treasury late last month.

It’s counterintuitive, but the cash benefit of delaying payouts can outweigh rate increases, thanks to compounding over time.

"A shifting of priorities on the part of our clients, coupled with a creative and proactive approach by our team, resulted in even stronger client relationships," writes advisor Eden Lopez.

The wirehouse seeks a recruitment edge over Wall Street banks taking a more hardline approach to in-office days.

Thousands of clients paid sales charges that they wouldn’t have incurred had they held the pricey alternative products until maturity, according to FINRA.