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Portfolio managers and transfer agents rely on derivatives to provide diversification, fund redemptions and value holdings, according to McNabb and
Just because a fund employs derivatives, it does not necessarily mean the fund is leveraging, McNabb said. And not all derivatives are created equal, adds Ross.
“If the SEC were to say ‘no derivatives,’ at an extreme, it would disrupt the management of funds and hurt shareholders,” McNabb told Investment News.
Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.
An experiment tested different generative AI models against each other on multiple choice questions from CPA Exam test prep material, and found they have their own strengths and weaknesses.
