Though IRA conversions during a market correction may enable some clients to save on their taxes, the strategy is not recommended for everyone.
“As we navigate through these unprecedented times, we are exploring a variety of measures to reduce costs while managing our business and continuing to serve our clients,” a TIAA spokesperson said.
The pandemic has sealed the fate of small, niche offerings that have failed to gain traction.
In a still male-dominated industry, does the network help attract and keep more women at the firm? CEO Shirl Penney says yes and has the results to prove it.
Those who feel they have inadequate savings may consider going back to work after the pandemic, even if it's on a part-time basis, according to an expert.
For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.
April brought the highest unemployment since the Great Depression. Some of these people are our clients.
“The world has become more digital, less global and more local,” says Amy Lo, co-head of the firm’s Asia Pacific wealth division.
-
As liquidity disappeared amid the coronavirus-sparked mayhem, veteran fixed-income portfolio manager Gemma Wright-Casparius saw opportunities.
May 20
-
The regulator was one of the first U.S. agencies to tell employees to stay home during the pandemic,
May 19
-
“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.
May 19
-
The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
May 19
-
The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.
May 18
-
“I’d say independence is resonating with advisors now more than ever,” says recruiter Jodie Papike.
May 18
-
How they’re hiring, striving and even thriving under new conditions.
May 18
-
The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.
May 18
-
Given that I must disclose on my Form ADV that we accepted the aid, I had to ask myself difficult questions about possibly over-zealous regulatory scrutiny as well as my firm's reputation, this advisor writes.
May 15
Segment Wealth Management -
New digital tools have boosted advisors' ability to reach more — but not all — clients.
May 15
-
Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.
May 15
-
The central bank plans to make both outright purchases of corporate bonds as well as funds potentially invested in sub-investment grade debt.
May 14
-
The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.
May 14
Marist College -
Nearly 72% of Americans opted to stay the course and stick to their investment plan during the crisis, a survey found.
May 14
-
By making the right moves, retirees can reduce their taxable income and owe less in capital gains taxes, an expert says.
May 14
