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Pennsylvania Advisor Who Used Client Funds on Country Club Dues Gets 8 Years in Prison

Wealth Management

and Orchard Park Real Estate Holdings, was originally charged in January by the Securities and Exchange Commission and DOJ. Between 2014 and 2024, Mason transferred client funds into his own accounts and those of the two entities without clients’ authorization, according to the SEC. He pleaded guilty to all of the criminal charges.

Clients 273
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The WealthStack Podcast: Unlocking Private Markets with AssetMark's Michael Kim

Wealth Management

He began his career in public accounting at Coopers & Lybrand, LLC. Michael was instrumental during AssetMark’s leveraged buyout transition to Genstar in 2013, its sale to Huatai Securities in 2016, its IPO in 2019, and its sale to GTCR in 2024.

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Build (Customized) Flexible Estate Planning Strategies In A Constantly Changing Political Landscape

Nerd's Eye View

In recent years, the Internal Revenue Code (IRC) has endured some drastic changes resulting from legislative action that have altered the strategies estate planning professionals have recommended to clients. For instance, prior to the 2017 Tax Cuts and Jobs Act (TCJA), "A/B trusts" had become ubiquitous for spousal estate tax planning.

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What To Do When Gifts To Minors No Longer Fit: Adjusting UTMAs, 529 Plans, And Trusts When Family Goals Don’t Align

Nerd's Eye View

To achieve this, financial support may start at a very young age, allowing for a longer growth horizon and, in many cases, serving tax and estate planning purposes. 529 plans offer greater flexibility in ownership but restrict how funds can be used, particularly for educational expenses. Read More.

Planning 197
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How to Make Charitable Giving Part of Your Financial Plan

Carson Wealth

Strategic charitable giving not only benefits the recipient but can also create significant tax advantages for the giver. While many people approach their financial planning with careful strategy, its easy to overlook the same level of intention when it comes to charitable giving. It just needs to be given to a qualified 501(c)(3).

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Personal finance links: mostly positive markets

Abnormal Returns

nytimes.com) Taxes in retirement only get more complicated. cameronhuddleston.com) Five ways to simplify your estate plan. abnormalreturns.com) A bad experience trying to capture a bank 'bonus' account offer. 50fires.com) Retirement Gray divorce can have a huge effect on your retirement. They are a better mousetrap.

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#FASuccess Ep 437: Becoming An IRA Expert To Differentiate By Charging The Highest Fee Instead Of The Lowest, With Ed Slott

Nerd's Eye View

Ed is the president of Ed Slott And Company, a financial education company based in Rockville Centre, New York that offers seminars and newsletters for financial advisors and consumers focused primarily on IRAs.