(Washington)

Speculation is running rampant in the wealth management…see the full story on our partner's site

(New York)

An asset manager at Applied Finance Capital Management told market watch of…see the full story on our partner Magnifi’s site

(New York)

Gold has been a strong but steady incline for most of 2021, but…see the full story on our partner Magnifi’s site

(Washington)

The last couple of months has been very tense for advisors. Not only have discussions around a renewed version of the DOL rule been swirling, but highly significant tax hikes are pending. Biden is planning a huge multi-trillion Dollar increase in spending, which means tax hikes are almost a certainly. And none of them is more worrying than the hike on long-term capital gains taxes, which Biden wants to push up to 43.4% vs 23.8% now. That is scary in itself, but here is the truly worrying part: experts think it will take effect May 27th (next Thursday). This would be simultaneous to his announcement of his full budget.

FINSUM: Evidently Biden doesn’t want to give advisors and accountants time to game plan around his changes, so he wants them to go into effect immediately upon release of the budget (and they could even be retroactive).

(Washington)

A new fiduciary rule has been in the back of all advisors’ minds for several months now. In February…see the full story on our partner Magnifi’s site