Financial planning

What different outcomes could mean for financial planners and their clients.

Wealthy clients are the fastest growing segment of the company’s retail division.

The firm currently provides benefits to 10,000 employers and their 2 million employees.

While it may seem that there is a high barrier for entry, there are many resources available for advisors who deal with financial services abroad.

"We’re not just software,” CEO Ed O’Brien says. “We’re here to help advisors be better planners.”

Fortunes in the tech and health care sectors jumped by 43% and 50%, respectively.

The company plans to expand services to the high-net-worth by doubling the number of its advisors, its wealth management head says.

“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” said Beatriz Sanchez, the bank’s head of the Americas.

Under the proposals, the top 0.1% of earners would be subject to a 43% tax rate on their income.

The pandemic has underscored the need for more socially and environmentally responsible financing.

“Everyone is looking ahead to the elections and what tax policy could look like in various administrations," says Ben Huneke, head of investment solutions in the firm's wealth management division.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

Credit Suisse has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls.

The move is one of the largest of the year.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

Do RIAs still have a clear advantage when it comes to modern planning software?

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

Procyon Partners, which caters to UHNW clients and retirement plans, had a rocky separation from the same former firm.