Financial planning

The biggest challenge for serving ultrahigh-net-worth clients in the future will be grasping and attending to their specific needs, consultant Jamie McLaughlin says in an episode of Financial Planning’s Invest Podcast.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

The rout in Asian equity markets this year has not been for the faint-hearted.

The problem was from a bug related to an external software provider.

The world’s 500 richest people have lost almost $1.3 trillion since the start of the year.

Many advisors aspire to serve the coveted group without really understanding their needs, wealth management marketing entrepreneur April Rudin says in an episode of Financial Planning’s Invest Podcast.

The market meltdown has slammed billionaires from every part of the globe and every industry.

The high-profile industry personality is leaving Pinnacle Advisory Group after 17 years.

A time to buy or a warning to avoid timing markets?

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.

The client, Moises Cosio, is a filmmaker and the scion of a Mexican banking and real estate fortune.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

The wirehouse shifted and added roles in its private wealth business to capture opportunities in the ultrahigh-net-worth client space.

The agency will send several dozens agents to make at least 800 face-to-face visits in February and March of this year.

The expansion is likely to come at the end of 2020 or early next year, and will focus initially on higher-net-worth customers.

“We believe every single employee of a company should have access to advice,” says Stephen Ulian, head of institutional distribution at Bank of America.

Retirees can reverse their claiming decision, but not without considering one important caveat.

All artworks, racehorses, cars, and trading cards are not created equal, and not all “investment opportunities” are the best in their field.

United Capital has a new name, but key challenges remain for its new owner.

As the wealthy often sidestep estate taxes, one law professor offers a code change that forces heirs to pay income and payroll taxes on all inheritance.