Now that the Pension Reform Bill extends 529 features that were set to expire after 2010, the most important being tax-free withdrawals, assets in 529 plans could once again surge, The Wall Street Journal reports.
At the end of March, there was a total of 8.6 million 529 accounts with $90 billion in assets, according to the
"The tax benefits are the key to getting people to put money in there," said Randall Edwards, state treasurer of the state of Oregon, who oversees its 529 plan.
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
The CEO of the RIA "roll-up" outfit thinks that ongoing industry consolidation doesn't necessarily mean all firms will start to look the same.
As ESG investments face political backlash, here's how financial advisors are talking to clients about impact investing.
