IRS guidance targets abusive 351 ETF conversions; Baird's Steffen says sound deals remain viable
Notice 2026-62 and companion Rev. Rul. 2026-20, issued Sept. 28, treat one seeding-and-redemption sequence as a taxable exchange while expressing no view on funds that keep assets matching their strategy.
Ballentine Income Opportunities Fund III files Form D with no total offering amount
The pooled fund names Ballentine Partners, LLC and Ballentine Funds GP, LLC as related persons and reports $0 sold to date.
Hoge moves $3B-asset Truist team to Captrust, citing employee equity
Captrust says just over 68% of its more than 2,000 employees hold a stake.
Connecticut Wealth Management hires Subatomic for five-year AI build
The $5.2 billion RIA expects a first phase before the end of 2026 and says the system is intended to help maintain its 35-to-1 client-to-advisor ratio.
Social Security sets a 3.6% COLA for 2027, lifting average retired-worker checks by $75
Payments start in January, SSI checks rise Dec. 31, and the earnings cap climbs to $192,300 from $184,500.