IRA Allowed to be Transferred Out of Trust

Private Letter Ruling 202042012 (Oct. 16, 2020) provides practitioners with another example of qualifying a trust as a designated beneficiary and making post-mortem transfers of an individual retirement account out of a trust. Although the Setting Every Community Up for Retirement Enhancement Act (SECURE) made significant changes to the required minimum distribution (RMD) rules, the […]

How COVID-19 Is Driving CRE’s Digital Transformation

The COVID-19 pandemic has been a significant driver of technological adoption across almost every industry, as knowledge workers adapt to working from home and doing business virtually. This shift to remote work has broad implications for the economy as a whole, but is having a particularly profound impact on the commercial real estate market—a $16 trillion […]

How to Make Money on Pinterest

Most people think of Pinterest as the place to go for dinner recipes, crafting ideas, or considerations for their next bucket-list trip. That’s all fine and dandy, but you might not know plenty of people use Pinterest for a totally different purpose — to make real money. In most cases, you need some sort of […]

Carson Group Adds Holistiplan To Tech Stack

Carson Group is expanding its tech stack to make tax planning software Holistiplan available to all partner firms, according to an announcement. The changes come after “a select group” of Carson Wealth private clients successfully piloted the technology. As part of the expansion, Carson partner firms will have access to the software for free, alongside previously […]

Commonwealth Hires First Chief Diversity and Inclusion Officer

Scarlett Abraham Clarke’s focus is on making sure corporate workplaces feel safe for everyone.  It’s that ethos that has led Clarke to become Commonwealth Financial Network’s first vice president, chief diversity and inclusion officer. Related: Diversity and Inclusion and Holistic Leadership “My philosophy has always been that people should just be allowed to be,” she said. “We […]

Hightower Invests in Hart Financial Group

RIA aggregator Hightower announced its eighth investment of 2020, adding Austin, Texas-based Hart Financial Group. “Hart Financial Group is a robust team with a strong succession lineup of advisors poised for further growth,” Hightower CEO Bob Oros said in a statement. “We couldn’t be more excited to provide the infrastructure, business strategy and support to power […]

Developing New Clients Remotely | Wealth Management

New-business development in the time of coronavirus means making some big changes. That’s especially true for those who have depended on in-person meetings and pressing the flesh—and even truer for advisors serving complex high-net-worth accounts, who usually require multiple sessions before signing on. It’s hard to develop a strong personal bond with a prospect over […]

TD Bank Lawsuit Accuses Plaid of Trademark Infringement

In a lawsuit filed Wednesday, Toronto-Dominion Bank, the Canadian parent company of TD Bank and a minority owner of TD Ameritrade, claims Plaid violated trademark agreements and used TD Bank’s logos to secure client login data, as well as other information. “After repeated attempts to work through these issues with Plaid, TD is taking legal […]