Wealth management

Genworth Financial Trust Company announced a new program to help independent financial advisors find the trust companies best suited to working with them.

The estimated 72 million 401(k) participants have something to look forward to at the end of this month: On August 30, the Department of Labor's Employee Benefits Security Administration participant fee disclosure rule, dubbed ERISA 404(a)(5), will go into effect.

About 35 percent of women report using a financial advisor and another 35 percent who don't use an advisor would consider doing so, according to a new survey from Prudential Financial.

The Securities and Exchange Commission announced fraud charges and an emergency asset freeze against a Denver-based company and two Colorado residents for allegedly carrying out a $15.7 million Ponzi scheme that dragged in more than 120 investors nationwide.

Information technology spending by the global wealth management industry will reach almost $35 billion by 2016, and will include heavy investment in digital channels, predicts global analyst provider Ovum.

British soccer team Manchester United, which went public on the New York Stock Exchange on Friday, said in its IPO filing that it may take advantage of the relaxed reporting and auditing requirements for so-called “emerging growth companies” in the JOBS Act.

Half a dozen accounting firms have been selected to help oversee compliance by the five banks that agreed to a mammoth national mortgage settlement.

More than a third of retirement plan participants admitted that they either “guessed” or “made up” their estimates for how much income they would need in retirement, according to a new survey, while only 30 percent said they consulted with a professional for help in setting their goals.

Swiss banks must lure affluent clients from emerging markets or face a “slow death” as the pursuit of tax dodgers by U.S. and European authorities results in outflows of assets.

The trendy new term in the high-tech arena is “crowdfunding.” Both the President and Congress jumped on the crowdfunding bandwagon as a way to show they are doing something about the economy by passing the JOBS Act. What exactly is crowdfunding? Here’s one introduction through the eyes of a professional accountant and auditor.

A proposal by the Obama Administration regarding grantor trusts has estate planners on edge as they ponder its implications.

The American Institute of CPAs has written a letter to the Internal Revenue Service, recommending that the IRS delay matching the basis information the law requires brokerage firms to report about taxpayers’ capital gains and losses with what taxpayers report on their income tax return.

Top stories from the past month in financial planning

Don't be afraid to serve the very, very rich

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

The Certified Financial Planner Board of Standards, Inc. has approved the organization's first-ever Sanction Guidelines, which will be used by the Disciplinary and Ethics Commission and staff when determining sanctions for particular CFP Board violations.

XBRL US launched on Wednesday its second annual XBRL Challenge, a contest to discover the top open source analytical tools that can mine XBRL-formatted corporate financial data from the SEC’s EDGAR database.

Senate Democrats, who are united in support of higher income tax rates for millionaires and billionaires, are paralyzed by disagreements on how to tax the estates of the wealthiest Americans.

An increasing number of business entities, including investment funds like the Carlyle Group, along with private hedge funds, private equity firms and venture capital funds, largely escape Internal Revenue Service audits due to the way they are organized, according to a new report.

Families who have prepared a personal financial plan report more success managing their money, savings and investments than those who have not, according to a new survey.