The American Bankers Association thanked the Department of Labor for deferring regulatory action on the Schedule H reforms proposed by the department in its recently finalized revisions to Form 5500,
Browsing: Wealth Management
As the Securities and Exchange Commission contemplates reforms to strengthen the transparency and resiliency of money market funds, ABA urged the commission to “carefully consider any changes that may affect the availability of these funds to bank fiduciary and non-fiduciary accounts.”
Often described as “charitable savings accounts” or “charitable checkbooks,” donor-advised funds are one of the fastest-growing charitable vehicles. Evan Sparks talks about how banks of all sizes are building DAFs into their wealth management strategies.
When it comes to their private banks, millennials are not happy.
The Securities and Exchange Commission this week issued a staff bulletin of frequently asked questions and answers related to standards of conduct for broker-dealers and investment advisers when they are making account recommendations to retail investors.
A recent study found that 75.1% of millennials are opting for will-based estate plans and 18.8% are using a trust-based estate plan.
The Department of Labor filed a request for information today seeking public input on its forthcoming work on retirement savings and climate-related financial risks.
As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. Banks are responding to this new customer demand.
Whether clients use them for charitable saving or spending, donor-advised funds are a growing part of banks’ wealth management product set.