Wealth management

The recession has put even greater pressure on workers to stay on the job, according to a new report.

The Internal Revenue Service has begun sending letters to political donors asking why they didn’t report their 2008 donations on their gift tax forms.

A diminishing proportion of employees reported high levels of financial stress in the first quarter of the year, according to a new survey.

Wells Fargo is reportedly seeking a buyer for its H.D. Vest brokerage and financial advisory unit.

A group of nearly 30 congressional Democrats has written to the leaders of the Labor Department, the Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission expressing concern over a recent proposed rule redefining the meaning of the term “fiduciary,” saying it would have a negative impact on people with Individual Retirement Accounts and other retirement and savings plans.

A judge has given his approval to the late singer Bo Diddley’s managers to sell off his music catalog to pay for the rock and roll pioneer’s outstanding $1.1 million debt to the IRS.

The Securities and Exchange Commission provided information Tuesday on filing financial statements in Extensible Business Reporting Language for public companies that will soon be required to file in the XBRL format.

Shareholder proposals at public companies are increasingly weighted toward social and environmental concerns, according to a new report by Ernst & Young.

Genworth Financial Wealth Management has introduced Genworth Portfolio Solutions, a streamlined approach to diversifying investments that financial advisors can set up for clients.

The confidence level of women in their ability to plan for retirement has reached a three-year high, according to a new survey, with 69 percent of women rating their confidence level as good or very good.

Nearly 40 percent of working Americans say that they will never afford retirement, according to a new survey by the American Institute of CPAs.

DESPITE EARNINGS DROP, ADVISORS STILL SATISFIED

After the market crash of 2008-2009, many investors were tossing in the towel on asset allocation, suggesting that it had major flaws as evidenced by nearly every asset class moving significantly lower in apparent lockstep.

CPA firms that have expanded their practice into the personal financial planning market are likely finding that investors may be more optimistic today than they were a few years ago.

IMGCAP(1)]The current uncertain political, economic, and tax environment has led many people to postpone preparing or updating their estate plans.

The growing popularity of online deal sites like Groupon and LivingSocial could be encouraging many consumers to make impulse buys rather than save their money for more important financial priorities, according to the American Institute of CPAs.

Accounting Today is in the midst of collecting submissions for its 2011 ranking of the Top Firms by AUM.

Less than half of affluent parents (49 percent) in a nationwide poll felt it was important to leave a financial inheritance to the next generation, according to the U.S. Trust Insights on Wealth and Worth Survey.

A new initiative at the Internal Revenue Service aimed at cracking down on high-income taxpayers with assets abroad has only managed to audit 13 returns since it was set up a year and a half ago.

Nearly 40 percent of working Americans say they will never afford retirement, according to a new survey by the American Institute of CPAs.