Advisors

Working remotely in a business built around relationships means adapting in more ways than one. For most financial advisory firms, the pandemic accelerated advancements already underway in virtual communications and paperless transactions. The best businesses maintained their personal connections with clients and safeguarded customer data at the same time. “We are now fully in the

d3sign | Moment | Getty Images Hiring young talent is imperative for financial advisors. But finding so-called “next-generation” advisors can be a challenge — largely because young college graduates are often unaware of financial advice as a career path, according to firms on CNBC’s annual FA 100 ranking. These top firms have found ways to

izusek | E+ | Getty Images To pay for a historic and sweeping expansion of the social safety net, President Joe Biden and Democrats are planning to slap wealthy Americans with higher taxes. In response, financial advisors and their well-off clients are also scheming. Specifically, they’re looking at moves they can take now to avoid

Paul Bradbury | Getty Images Younger generations of Americans apparently do not have a great deal of faith that Social Security will be available to them when they retire. To that point, about 23% of Gen Z and 26% of millennials actually believe there is little likelihood that they will be able to rely on

Marko Geber | DigitalVision | Getty Images In a world that’s rapidly changing and becoming more uncertain than ever, the financial advisory industry has a great opportunity to become a beacon of trust for investors by helping them navigate through difficult life and financial decisions. The Covid-19 pandemic, combined with the social and economic shifts

UpperCut Images | UpperCut Images | Getty Images Student athletes and their parents have likely heard that the NCAA has opened the door to allow collegiate athletes the ability to profit off their name, image and likeness. The NCAA policy, which took effect in July 1, will allow college athletes and recruits to make money

FatCamera | E+ | Getty Images It’s a situation that appears incongruous: Congressional Democrats want to expand Medicare’s benefits while a trust fund that supports the program is facing insolvency. Indeed, some Republican lawmakers have seized on that looming problem as a reason to oppose a proposal to add dental, vision and hearing coverage to

Sometimes an investment is too good to be true. As Elizabeth Holmes, founder and former CEO of Theranos, goes on trial on allegations of defrauding investors and patients, her health-care start-up may be a prime example. Nearly a decade ago, investors, including media mogul Rupert Murdoch, former Education Secretary Betsy DeVos and the Walton family

Getty Images Many Americans know the benefit of retirement savings, yet few realize there’s a special incentive to set aside money for their golden years: the saver’s credit. The saver’s credit, formerly known as the retirement savings contributions credit, offers low- and moderate-income filers a write-off at tax time.    Currently, savers may claim up to

mediaphotos | E+ | Getty Images As our elected officials debate how best to address a national debt approaching $30 trillion while simultaneously increasing spending levels and addressing wealth inequality, it should not be surprising that tax policy is at the forefront of the discussion In that context, there has been an especially intense focus

Getty Images There has been a recent flood of “math error” notices from the IRS, which have been confusing for taxpayers and difficult to resolve, financial experts say.  The IRS sent roughly 9 million such alerts from Jan. 1 through July 15, up from 628,997 in the same period last year, according to Taxpayer Advocate

JGI/Jamie Grill It appears most workers have to wait years for a company’s 401(k) matching contributions to become entirely theirs. The majority (82%) of employers that offer traditional 401(k) plans say they match a portion of their workers’ account contributions, according to a report from human resources firm XpertHR. However, the research shows that just

MANDEL NGAN | AFP | Getty Images Democrats may change the rules for “mega” individual retirement accounts with more than $5 million to help fund their expansion of the country’s safety net. “Mega retirement accounts” are among roughly two dozen tax categories congressional Democrats are eyeing to help raise money for a $3.5 trillion spending

Westend61 | Westend61 | Getty Images Recent upticks in inflation have renewed interest from investors in assets that may help preserve the real (inflation-adjusted) value and purchasing power of their portfolio. The good news is that the typical investor’s portfolio will likely contain all the inflation-fighting tools that they need — such as stocks and

VALERIE MACON | AFP | Getty Images Social Security will be able to pay full benefits for just another 12 years, according to new estimates released this week. Experts, however. say that does not mean you should dramatically change your Social Security claiming strategy. Each year, the Social Security Administration releases an annual trustees report

Zero Creatives | Image Source | Getty Images The response to Covid-19 has marked a historic expansion in the size and coverage of government support for people experiencing unemployment. As we near the end of expanded federal unemployment insurance benefits, state governors now face a choice of whether to continue them. To that point, the

Sam Edwards | Getty Images As the year winds down, retirees eager to make charitable gifts may consider a tax-friendly donation from their individual retirement account.  The strategy, known as a qualified charitable distribution, or QCD, involves a direct payment from an IRA to an eligible charity. Retirees who are age 70½ and older may

jayk7 | Moment | Getty Images In the long run, inflation is an investor’s biggest threat. Inflation erodes the purchasing power of money. Even modest inflation at 3% annually halves the value of money in 24 years. So outpacing inflation is the primary goal for long-term investors. Beating inflation was not a problem over the

Charnchai | iStock | Getty Images If you’re among the many workers hoping to find a better position elsewhere, be sure to pay attention to the 401(k) plan account you’re leaving behind. Roughly 55% of workers say they’re going to look for a new job in the next year, according to a recent Bankrate survey.

Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie Watts, who died on Aug. 24, had been the drummer for the Rolling Stones since