Park Place Financial

NOVEMBER 29, 2022

For instance, a trust can decrease your tax liability and protect you from some legal trouble, such as lawsuits. Internal Revenue Service (IRS) provides actuarial tables , which dictate the assets that estate tax rules value and are defined by interest rates. In some cases, grantors appoint themselves as trustees. .

Estate Planning 52

Estate Planning Economics Planning Financial Planner 52

Sara Grillo

AUGUST 14, 2023

Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Park Place Financial

NOVEMBER 29, 2022

Many people choose Roth IRA conversions to experience tax benefits during retirement. With a Roth IRA, you can attain tax-free income and make tax-free withdrawals from the account once you meet certain requirements. If you have a sizable retirement account, these taxes can be expensive. 4) Convert to a Roth IRA .

Retirement Planning 52

Retirement Planning Retirement Certified Financial Planner Planning 52

Ron A. Rhodes

AUGUST 9, 2023

OVERVIEW: THE PRUDENT INVESTOR RULE The Uniform Prudent Investor Act (UPIA) (1995), adopted in some form by all 50 states, applies to the investment of private trust funds. The Prudent…

Investing 58

Investing Investments Taxes Fiduciary Duty 58

Good Financial Cents

JUNE 11, 2023

We accept a fiduciary obligation to act in your best interest, and our advice must be aimed at making money for you, not for us. Fiduciary duty means the party has a legal obligation to put your interests above their own. Tax Optimization Personal Capital uses tax optimization in the management of your portfolio.

Management 80

Management Investing Investments Accounting 80

Ron A. Rhodes

DECEMBER 21, 2023

In the 401(k) world there has for many years been the option for plan participants to contribute to Roth 401(k) accounts, rather than traditional 401(k) account. For contributions to Roth…

Accounting 65

Accounting Taxes Investing Investments 65

Ron A. Rhodes

AUGUST 6, 2023

I have increasingly witnessed registered investment adviser (RIA) firms, as well as brokerage firms, generally disavow (often in their client services agreement) any duty to manage the investment portfolios of…

Portfolio 61

Portfolio Management Taxes Clients 61

Fortune Financial

SEPTEMBER 25, 2023

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Consulting with an advisor can help you optimize your financial plan along with identifying the impact of potential future tax changes.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

WiserAdvisor

AUGUST 8, 2022

It also requires a good understanding of tax policies, laws, market sentiment, etc. For instance, you can hire a fiduciary. Fiduciary duty mandates the advisor to keep your interests ahead of theirs. Tax planning: Tax is one of the major financial concerns high-net-worth individuals face.

Wealth Management 52

Wealth Management Financial Planning Financial Advisor Taxes 52

Fortune Financial

SEPTEMBER 25, 2023

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Consulting with an advisor can help you optimize your financial plan along with identifying the impact of potential future tax changes.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Brown Advisory

SEPTEMBER 12, 2019

Put simply, trustees serve as fiduciaries with investment authority over assets that are intended to benefit another person or persons; trustees should use every device at their disposal in an effort to maximize the investment returns of the trust they oversee.

Investing 52

Investing Investments Fiduciary Duty Portfolio 52

Brown Advisory

SEPTEMBER 12, 2019

Put simply, trustees serve as fiduciaries with investment authority over assets that are intended to benefit another person or persons; trustees should use every device at their disposal in an effort to maximize the investment returns of the trust they oversee. ESG AND FIDUCIARY RESPONSIBILITY.

Investing 52

Investing Investments Fiduciary Duty Portfolio 52

Park Place Financial

SEPTEMBER 30, 2022

For example, if you want to spend more on travel and leisure, move to a state with no income tax or a lower cost of living. Park Place Financial observes its fiduciary duty to act in our client’s best interest, putting your needs above our profits. Retirement Age .

Retirement 52

Retirement Retirement Planning Certified Financial Planner Fiduciary Duty 52

The Big Picture

MAY 20, 2025

We have a fiduciary duty to them. It’s been helpful for the after-tax return of the shareholders. You either have to own your mistakes, get ’em out in the open, learn from them and make sure you don’t repeat ’em or you sweep ’em in under a rug and you just can’t do both.

Management 130

Management Numbers Transportation Accounting 130

Wealth Management

JUNE 11, 2025

Related: Tax Court Rules $2 Million Bequest to Spouse Isn’t QTIP To prevent this, advise your clients to discuss their estate plans early and openly. Address questions around marital trusts, powers of appointment and fiduciary duties while both spouses can provide input.

Estate Planning 206

Estate Planning Planning Wealth Management Fiduciary Duty 206

Brown Advisory

APRIL 16, 2018

This specificity helps guide the nonprofit’s board and investment committee members as they carry out their fiduciary duty. In short, jeopardizing investment rules may impose a tax on a private foundation for any investment that might jeopardize the carrying out of its tax-exempt purposes.

Nonprofit 52

Nonprofit Portfolio Distribution Clients 52

Brown Advisory

APRIL 16, 2018

This specificity helps guide the nonprofit’s board and investment committee members as they carry out their fiduciary duty. In short, jeopardizing investment rules may impose a tax on a private foundation for any investment that might jeopardize the carrying out of its tax-exempt purposes.

Nonprofit 52

Nonprofit Portfolio Distribution Clients 52

WiserAdvisor

AUGUST 18, 2023

They can offer personalized financial planning, comprehensive investment management, retirement planning, and tax optimization, among several other things. Moreover, fee-only advisors are often viewed as fiduciaries, which means they are legally obligated to act in their client’s best interests.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

WiserAdvisor

MAY 31, 2022

Also, be careful about giving your financial documents like tax certificates, government identity cards, etc. Avoid giving any banking information, credit card pins, personal identity details, etc., on social media. Keep your banking username and password confidential.

Investing 52

Investing Investments License Accounting 52

Carson Wealth

MARCH 27, 2025

File taxes on your behalf. Break their fiduciary duty to act in your best interest. A financial POA manages your financial affairs if you cant. The person authorized to act as your financial POA can: Access your financial accounts to pay for healthcare, housing needs, and other bills. Make investment decisions on your behalf.

Fiduciary Duty 80

Fiduciary Duty Medical Estate Planning Healthcare 80

Investing Caffeine

MARCH 25, 2025

In my letter, I attempted to remind management of the importance of upholding its rigorous corporate governance standards and exercise its fiduciary duty when it comes to the companys allocation strategy. Please read disclosure language on the IC Contact page.

Investing 59

Investing Investments Fiduciary Duty Healthcare 59

Darrow Wealth Management

OCTOBER 1, 2024

There are no changes to the tax treatment of these assets. Trustees have a fiduciary duty to abide by the terms of the trust and make distributions to beneficiaries accordingly. Limiting access can provide estate tax planning benefits for some). This can reduce or eliminate estate tax at the state level altogether.

Assets 98

Assets Estate Planning Distribution Fiduciary Duty 98

WiserAdvisor

JUNE 6, 2023

It is a process that can allow high-net-worth individuals to transfer their wealth to future generations while minimizing tax burdens, maximizing financial security, and protecting their hard-earned money. Estate planning can be hard to navigate with international laws, global market fluctuations, tax treaties, and legal systems.

Estate Planning 40

Estate Planning Planning Taxes Insurance 40

WiserAdvisor

NOVEMBER 21, 2022

Unlike the average investor or other financial professionals, a CFP is a licensed expert in areas like estate planning, taxes, retirement, insurance, and investment planning. This is done to establish a fiduciary duty within the candidate and make them a reliable, upstanding member of the fraternity.

Certified Financial Planner 40

Certified Financial Planner Financial Planner CFP Financial Planning 40

Sara Grillo

NOVEMBER 14, 2022

Do advisors breach fiduciary duty when they fail to recommend annuities? Should those with only insurance licenses that allow them to sell annuities and/or life insurance be held to the same “fiduciary standard” as Registered Investment Advisers (RIAs) with the SEC or state regulators?

Insurance 59

Insurance Retirement License Financial Advisor 59

Brown Advisory

SEPTEMBER 15, 2017

And then we own a number of municipal bonds—both taxable and tax-exempt—as well as mortgage-backed securities. This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations.

Portfolio Management 52

Portfolio Management Portfolio Management Fiduciary Duty 52

Brown Advisory

SEPTEMBER 15, 2017

And then we own a number of municipal bonds—both taxable and tax-exempt—as well as mortgage-backed securities. This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations.

Portfolio Management 52

Portfolio Management Portfolio Management Fiduciary Duty 52

The Big Picture

JUNE 20, 2023

It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. Let’s talk about tax loopholes. How on earth is there still a carried interest tax loophole for private equity, hedge funds, and venture capital?

Insurance 146

Insurance Healthcare Retail Medicine 146