Financial planning

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?