Ratings agencies predict major losses for all of the largest BDs, prompting firms to reassess strategies in uncertain times.
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 central bank’s pledge to buy investment-grade credit and certain funds helped spark a rally in higher-rated debt.
The manager may collect over $4 million per year for managing a separate portfolio of commercial mortgage-backed securities issued by government agencies.
The firm had intended on increasing some grid thresholds by about 10%.
Can a home equity line of credit offer clients a bridge loan for troubled times? Says one, “I’m going to call those people and rehire them.”
The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.
In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.
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Cash-strapped taxpayers may consider waiting until the new deadline to pay or to request a payment plan to buy more time to settle their tax bill.
April 7
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Firms are trying to maintain enough on-site staffing to ensure swift trading. Some workers feel they have to choose between keeping their jobs and risking their lives.
April 7
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As financial professionals we are not immune to anxiety — we are just informed and that’s a value-add for clients.
April 6
Harris & Harris Wealth Management Group -
When Congress killed tax deductions for financial advice in 2017, the world was a different place. Now planners want them restored to help clients during the coronavirus crisis
April 6
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Since the all-stock purchase was announced, TD Ameritrade's valuation has plummeted and both firms are now operating with most, if not all, staff working remotely.
April 6
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The coronavirus pandemic will lead to a major economic downturn and stress mirroring the meltdown that nearly brought down the U.S. financial system in 2008, JPMorgan's CEO said.
April 6
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Flagship funds at Ken Griffin's firm had been down 5.3% through March 20 before things turned around.
April 6
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Even as they still have to deal with tax season, the service is tasked with handling much of the stimulus packages.
April 6
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These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.
April 5
Mercer Advisors -
“Traditionally, 401(k)s generally have some really good investment options that you wouldn’t be able to do on your own,” an expert says.
April 3
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Rivals and rating agencies aren’t taking any breaks in the pandemic, and CEO Jamie Price says the new giant IBD network remains on track as well.
April 3
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Most planners have navigated major market events before. Others, like me, have not yet seen anything like this in our adult or professional lives.
April 3
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Even when the market was climbing to records earlier this year, John Miller’s risk appetite exceeded that of some of his peers.
April 3
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Proponents make them a standing core equity holding, but not all advisors are sold. One calls them "marketing schemes."
April 3
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Retirees will end up locking in substantial losses if they decide to cash out their investments during a bear market to generate income.
April 2
