Wealth management

The next time a client complains about the complexity of our tax system, tell them about the proposed financial transactions tax, or FTT. The European Union is moving close to agreeing on an FTT that at the beginning will apply to 11 member states, including France and Italy.

The Financial Accounting Standards Board has issued a proposal to improve disclosures of uncertainties related to an organization’s ability to continue as a going concern.

Unit4 Business Software, the North American subsidiary of Unit4, has released Unit4 Consolidation & Cash version 5 with integration to its financial performance management suite.

Members of Generation X are having the most difficulty meeting their household expenses and dealing with other financial obligations, according to a new study by PricewaterhouseCoopers.

The American Institute of CPAs has released one of its Accounting and Valuation Guides, “Valuation of Privately Held Company Equity Securities Issued as Compensation,” also known as the Cheap Stock Guide, in an e-book format.

For years, annuities have been considered to be a solution for outliving your income and available assets.

The Financial Accounting Standards Board voted Wednesday to indefinitely defer certain disclosures about investments held by a nonpublic employee benefit plan in its plan sponsor’s own nonpublic equity securities.

The American Institute of CPAs has proposed new standards to build more rigorous oversight of CPA financial planners.

The subsidiary of Deloitte Financial Advisory Services LLP, Deloitte Corporate Finance LLC, has acquired the advisory-focused investment bank, McColl Partners LLC. Terms of the acquisition were undisclosed.

The Financial Accounting Standards Board has issued an accounting standards update setting forth a new approach for determining whether a public or private company is an investment company.

Seven out of 10 U.S. adults claim to have major barriers that prevent their families from openly communicating about who will make financial decisions on behalf of their aging family members if they become unable to do so, according to a new survey.

FinancialForce.com has partnered with global business consulting firm Bluewolf with the goal of helping companies access and enhance visibility into data that improve bookings-to-billing cycles and enrich customer engagement.

Last August, the American Institute of CPAs released an exposure draft of its updated guidance on the Valuation of Privately Held Company Equity Securities Issued as Compensation.

The Securities and Exchange Commission has suspended trading in 61 microcap shell companies in an effort to prevent stock fraud, in the second largest trading suspension in the history of the SEC.

A roundup of financial planning news from the previous month

Frequently satisfied by merchandising low-ticket items like 1040 preparation, CPAs think that any client who can fog a mirror may be a good PFP client.

Family health and the costs of long-term care and financial support for extended family have emerged as major concerns for high net worth investors and their families, with family health perceived as the biggest risks to family wealth, according to a new survey.

Fifty-four percent of millennials said that debt is currently their biggest financial concern, according to a new survey that found young adults struggling in the wake of the Great Recession.

A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that appraisers of employee stock ownership plans are not fiduciaries under ERISA.

Workday vice president Mark Nittler explains why so-called "bolt-on" business intelligence offerings are soon to be replaced by embedded analytics.