Thomas. J. Buck, who was a top 100 ranked advisor with Merrill Lynch, is scheduled to be sentenced next month after have pleaded guilty to securities fraud. So reports the Indianapolis Business Journal.
Legislation introduced by Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) would authorize multi-employer pension plans and other savings mechanisms, such as allowing individuals older than 70 to make tax-free contributions to their IRA. So reports Think Advisor.
Among investment advisors who have gone independent during the last seven years, 75% say their revenues have increased, according to a survey by Schwab Advisor Services. So reports Wealth Management.
Advisors can strengthen their client relationships by ensuring that investors have reasonable expectations for investment returns and other financial matters such as anticipated tax obligations.