Wealth management

A Michigan accounting student was able to identify a more effective way to use an old investment strategy involving accruals to yield better returns, according to a new study.

Last week while flipping the channels amidst the 8th winter storm of the season here in the Northeast, I happened across a news segment detailing how a pair of once exorbitantly paid professional football players, each commanding an annual salary that approached $10 million, are now broke.

The new cost basis reporting rules won’t affect this year’s returns, but they are already in effect.

The American Institute of CPAs is providing a checklist developed by leading CPA financial planners to help accountants identify financial planning opportunities during tax season.

IMGCAP(1)]Credit scores have become a major factor for consumers and businesses that seek financing ranging from mortgages, car and student loans to business credit lines and bank loans.

The majority of baby boomers intend to have a more active lifestyle in retirement than their parents (86 percent), as well as a better standard of living (72 percent), according to Bank of America’s Merrill Lynch Affluent Insights Quarterly.

Broker-dealer H.D. Vest Investment Services has converted its brokerage clearing functions to First Clearing LLC from Wells Fargo Investments LLC.

2 OUT OF 5 AMERICANS FEEL LESS FINANCIALLY SECURE

When I think of resources for the financial planner, it makes me think of those that would create leverage, scale and profitability for a wealth-management business.

The recent extension of the estate tax at a 35 percent rate will not result in a "claw back" tax obligation for people who make gifts in 2011 and 2012 that exceed their post 2012 estate tax exemption allowance, according to a trio of tax experts.

The Financial Crisis Inquiry Commission delivered the results of its nearly two-year-long investigation into the causes of the financial and economic crisis on Thursday, but with dissenting views from some of the Republican members of the commission.

As the economy gradually recovers, some mature workers are feeling more comfortable about retiring now compared to last year at this time.

Emerging Information Systems Inc., developer of NaviPlan and Profiles financial planning software, has introduced a new Retirement Consumer Facing Application for Profiles Professional.

The American Institute of CPAs has named Irv Rothenberg, CPA/PFS, of Santa Rosa, Calif., as the recipient of its 2010 Personal Financial Planning Distinguished Service Award.

The regulatory structure applicable to financial planners covers the great majority of their services, but the attention paid to enforcing existing regulation can vary and certain consumer protection issues remain, according to a new report from the Government Accountability Office.

A Washington think tank, the Center for Economic and Policy Research, has released a report recommending a tax on financial speculation as a way to help solve the federal government’s long-term budget deficits.

The economic crisis has brought personal finance front and center, for Americans as well as others throughout the world, the ING Retirement Institute Research Institute found.

The migration of foreign-based initial public offerings to U.S.-based stock exchanges is expected to increase in 2011, according to a new study by BDO USA LLP.

MarketRiders has released a 2010 Portfolio Report Card showing that stock and bond market portfolios returned between 4 to 16 percent.

The Securities and Exchange Commission charged Charles Schwab Investment Management and Charles Schwab & Co., Inc. on Tuesday with making misleading statements regarding the Schwab YieldPlus Fund and failing to establish, maintain and enforce policies and procedures to prevent the misuse of material, nonpublic information.