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Browsing: Wealth management
For high-net-worth clients, generational transitions can be fraught moments, implicating business ownership sales, control transfers, tax situations, philanthropic decisions and of course family dynamics.
For new couples, does the decision of how to organize their finances — separate accounts, a joint account or a blend of the two — matter?
Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have the freedom to make long-term investments, but they also face challenges associated with funding for growth, complex family dynamics and the need to manage liquidity events for family members.
With a bipartisan vote of 35 to 12, the House Financial Services Committee this week advanced H.R. 3063, the Retirement Fairness for Charities and Education Institutions Act of 2023.
In a comment letter this week, the American Bankers Association urged the Securities and Exchange Commission to drop its proposed requirement of a hard close on mutual fund orders made through intermediaries such as banks.
In a recent letter to the Securities and Exchange Commission, ABA offered feedback on its recent registered investment adviser outsourcing proposal.
Most Americans—including millionaires—don’t consider themselves wealthy and are worried about inflation and a possible recession, according to a survey commissioned by Edelman Financial Engines.
Most younger adults in the U.S. plan to work with a financial adviser after inheriting from a family member, according to a new survey by software provider FreeWill.
Advisers can’t take clients for granted—relevance has to be re-earned.