A proposal floated by a high-ranking Democratic senator would result in increased taxes for middle-class Americans, breaking a promise that President Joe Biden made on the campaign trail, the industry trade group’s chief executive said.

The new service will be led by InnoVise Family Wealth Advisors managing partner Brian Weiner.

Families plan to put some or all of the newly expanded tax credit toward an existing account or use the funds to open a new one, according to a recent survey.

NorthShore Financial is the first all-woman team to join LPL Financial’s wirehouse breakaways model.

New Bill Shoots at the Heart of ETF’s Tax Advantage

The proposal, which received no Republican votes, raises the top capital gains tax from 20% to 25%.

Democrats on the House Ways and Means Committee want to raise the top rate on capital gains from 20% to 25%, compared to the 39.6% proposed by President Joe Biden.

Branding, marketing, client prospecting and client tax planning support attracted 7 Grains Planning & Investments to Commonwealth Financial Network.

The industry standard upfront sales fee for advisor-sold 529 plans can be as high as 5.75%, according to JPMorgan Wealth Management.

What is essentially a niche strategy has become less costly and more flexible, Bloomberg reports.