A weekly digest of news and industry updates for the financial planning community | |
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Policy Watch | | |
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- FINRA renews effort to gain oversight of financial advisers
The Financial Industry Regulatory Authority has kicked off another campaign to take over supervision of financial advisers from the Securities and Exchange Commission. Thomas Selman, FINRA's executive vice president of regulatory policy, argued at a recent industry conference that the organization is the best one to regulate advisers. Reuters
(11/21)
- Planners advise investors to prepare for 3.8% tax
High-income earners should start planning for the 3.8% tax on investment income that will go into effect Jan. 1 as part of the 2010 Affordable Care Act, advisers say. "High earners don't understand the impact. I have one client, a very high net worth individual with a lot of investment interest, who may owe $1.3 million more," said Joseph Perry, partner-in-charge of tax and services for Marcum. AdvisorOne
(11/20)
Practice Management | | |
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- Expert: Best to plan for taxes on a yearly basis
The latest round of anxiety-inducing tax talks underscores that the most effective way to plan for taxes is on a year-by-year basis, writes John Kilroy, a senior wealth planner for Vanguard Asset Management Services. "For clients, finding the patience needed for this review can be a challenge, because many people want specific answers about a specific proposed transaction or event," he writes. Journal of Financial Planning
(11/2012)
Industry Report | | |
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- Fixed-income investments are popular, but increasingly risky
Some $300 billion will be invested in bond funds this year, more than the totals posted for 2010 and 2011, according to Strategic Insight. Fixed-income investments, however, are viewed as increasingly risky, says Michael Gitlin, director of fixed income at T. Rowe Price Group. Yields have become too low for the credit risks, he says. InvestmentNews/The INsider blog (free registration)
(11/21)
FPA News | | |
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FPA Connect Mobile App
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