Darrin Williams: Behind the Scenes at an Innovative CDFI
Southern Bancorp’s high-touch focus on pairing in-depth financial counseling with a Bank On-certified checkless checking account to help reach the unbanked in the Delta.
Browsing: Wealth Management
Labor Department Finalizes Fiduciary Investment Advice Exemption
The Department of Labor today finalized its proposed class exemption on fiduciary investment advice.
DOL Finalizes Rule on Proxy Voting
The Department of Labor today issued a final rule formalizing requirements regarding a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
SEC Finalizes Rule on Fair Value Determinations
The SEC last week voted to adopt a new rule under the Investment Company Act of 1940 addressing the valuation practices of registered investment companies and business development companies.
ABA Salutes ’40 Under 40’ in Wealth Management
The American Bankers Association has announced the recipients of its inaugural 40 Under 40 in Wealth Management Award.
Podcast: ‘Folks Who Are Low-Wealth Also Need Wealth Advisers’
Homeownership, savings and holding down a job are three keys to financial well-being and moving out of generational poverty, so that’s what Southern Bancorp focuses on in its home Mississippi and Arkansas Delta region, one of the nation’s poorest.
IRS Finalizes Rule on Trusts, Estates Deductions
The IRS has issued a final rule confirming that deductions allowed under Internal Revenue Code section 67(e) for costs incurred in connection with the administration of a trust or estate are deductible despite the suspension of miscellaneous itemized deductions under the 2017 tax reform law.
IRS Issues Guidance on IRA Distributions to State Unclaimed Property Funds
The Internal Revenue Service has issued two new guidance documents on the transfer of individual retirement account funds into a state unclaimed property fund.
A Leader for Our Time
ABA Chairman Jim Edwards takes office at an unexpectedly difficult moment—and with a uniquely suited portfolio of skills.
ABA Urges DOL to Withdraw Proposal on Proxy Voting
The American Bankers Association today urged the Department of Labor to withdraw a recent proposal that would add significant regulatory requirements regarding a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.