Northwestern Mutual opens a 40-specialist family office platform to its advisors
Advisors pay a retainer for access to 40-plus in-house legal, tax, estate and philanthropy specialists aimed at clients with at least $50 million in net worth.
UBS hires Merrill's John Pham and Jimmy Yip below $10M production minimum
The pair produced $7.5 million against the $10 million bar for a 16-year package paying 550% of revenue, on a book sources put at $575 million to $1.2 billion.
IRS ruling targets ETF conversions used to realign appreciated portfolios
The revenue ruling says a prearranged conversion that quickly and materially changes a portfolio can be recharacterized, leaving the holding period and the size of the shift open.
Tax Foundation models 86 tax-code changes, led by AMT simplification
The alternative minimum tax dates to 1969; the Congressional Budget Office projects fewer than 600,000 taxpayers will pay it in 2026.
CD Valet sells advisors $500-a-month access to its CD shoppers
The Seattle Bank affiliate says 150,000 to 200,000 investors compare CD rates on its site each month.