Money Management Executive

IRS Approves Kansas City Spin-Off

Published July 19, 1999, 1:00 a.m. EDT

1 Min Read

The Internal Revenue Service on July 12 approved Kansas City Southern Industries' plan to reorganize its financial service companies into a separate division. Kansas City Southern of Kansas City, Mo., expects the spin-off to take place in the fourth quarter. The new company will be named Stillwell Financial and will consist of Janus Capital Corporation and Berger Associates, both of Denver, Colo., Nelson Money Managers of Chester, England and Kansas City Southern's 32 percent ownership in DST Systems of Kansas City, Mo.

Processing Content

For reprint and licensing requests for this article, click here.

Money Management Executive

MORE FROM FINANCIAL PLANNING

Practice and client management

3 prenup myths advisors can help clients move past

A prenup can start a couple's money conversation, protect an inheritance and even shape what happens if a surviving spouse remarries.

By Grace L. Williams
Reporter

2h ago
Retirement planning

Retirement plans offer advisors a bridge to new wealth clients

In their "bridge to wealth" study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.

By Zoe Sagalow
Reporter

6h ago
Know Your Niche

How an AM radio host dialed up her niche business

Drive time with Alex Lundgren and other financial advisors helped spur a niche serving Micron employees in Idaho.

By Brian Wallheimer
Editor-in-chief

October 5
Industry News

Top 40 Brokers Under 40: Call for 2027 nominations

Financial Planning is seeking candidates under the age of 40 for its annual awards recognizing advisor employees at both wirehouse and regional firms for industry-leading production.

By Dan Shaw
Reporter

October 5
Retirement planning

Why wealthy retirees struggle to spend — and how advisors can help

Many wealthy retirees hesitate to spend their savings. Advisors share how budgeting and cash flow planning help clients enjoy their wealth.

By Zoe Sagalow
Reporter

October 5
Ask an Advisor

Ask an Advisor: How do you help child-free clients plan?

Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.

By Grace L. Williams
Reporter

October 2

Load More