The Assets: Tax planning

ETF Tax Breaks Biden Pledge: Fund Trade Group

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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.

Sanctuary Launches Family Office, Thanks to InnoVise

September 22, 2021No Comments

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

New Child Tax Credits Spur Bigger Contributions to 529 Plans

September 21, 2021No Comments

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.

FAs Return to LPL After Years with Wells Fargo

September 21, 2021No Comments

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

New Bill Shoots at the Heart of ETFs' Tax Advantage

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

House Panel OKs Higher Taxes, IRA Contribution Limits

September 16, 2021No Comments

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

Dems Float Capital Gains Tax Rate 15% Lower Than Biden Proposal

September 15, 2021No Comments

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.

Commonwealth Lures $60M Practice from Edward Jones

September 15, 2021No Comments

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

JPMorgan Scraps Upfront Sales Fee for FA-Sold 529 Plans

September 14, 2021No Comments

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

Top 0.1% Tap Private Placement Life Insurance to Avoid Biden’s Taxes

September 3, 2021No Comments

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