Morningstar: Assets in Tax-Managed SMAs Now Total Over $500B
Wealth Management
OCTOBER 17, 2024
The amount of assets in tax-managed SMAs has jumped 67% from year-end 2022.
2022 Assets Taxes 
Avantax Announces $1.7B in Newly Recruited Assets in 2022
Wealth Management
FEBRUARY 22, 2023
During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer.
Recruitment 
246
246 Join 36,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Webinars
Book of Secrets on the Month-End Close
What Your Financial Statements Are Telling You—And How to Listen!
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management
Trending Sources
Underperforming Your Own Assets
The Big Picture
JULY 25, 2023
Pomp points out that: “I am, however, arguing that the total return percentage traditionally quoted is not what people actually achieve in their brokerage account because of taxes. I have addressed Tax Alpha before ( see this and this ); but Pomp indirectly raised a very different issue: Why do people underperform their own assets?
Assets 246
246 
Friday links: undeserved assets
Abnormal Returns
AUGUST 5, 2022
rajivsethi.substack.com) What would a tax on stock buybacks mean? newsletter.abnormalreturns.com) Mixed media The best books of 2022, so far, including "True Story: What Reality TV Says About Us" by Danielle J. (techcrunch.com) Finance KKR ($KKR) wants to win more IPO business. sportico.com) Boatsetter is Airbnb ($ABNB) for boats.
Assets 244
244 
$33 Trillion in Sovereign Wealth Funds
The Big Picture
APRIL 3, 2023
The asset value peak was $33.6 trillion as of the end of 2022. Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing. The group also names 2022’s Best of, including Fund, Asset Class, Region, and Industry of the Year (all found here ).
Assets 312
312 
“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals
Nerd's Eye View
AUGUST 23, 2023
However, the caveat with current CGAs has been that they could only be funded with after-tax dollars before the donor’s death, meaning that if an individual only had tax-deferred funds (e.g., legislation at the end of 2022. But the SECURE 2.0 The potential benefits of the new Legacy IRA rules are threefold.
Taxes 246
246 
Tax Advisor Weekly – April 4, 2025
Harness Wealth
APRIL 4, 2025
This weeks Tax Advisor Weekly covers key updates for financial professionals. We begin with guidance on navigating property tax considerations during business mergers and expansions. In this blog post, well cover key business events that impact property tax and business licenses, along with what you need to consider for each.
Taxes 52
52 
How a Donor-Advised Fund Can Help Your Charitable Giving
Carson Wealth
DECEMBER 5, 2024
High net worth households gave nearly $35,000, on average, in 2022. In 2022, Americans contributed $85.53 The Tax Impact of Charitable Giving The personal financial and income tax impact from charitable giving can affect the size of the gift and the timing of giving. There are more than 1.8
Taxes 117
117 
Passive vs. Active
The Big Picture
AUGUST 17, 2022
What’s obvious is that cheaper is better than more expensive; that there are inherent costs in managing an active portfolio that include more than just trading and taxes but research, analysis, PMs, etc. But that is not the same as becoming one of the most dominant asset managers in the world.
Taxes 334
334 
The Ultimate Guide to Taxes on Secondaries
Harness Wealth
MARCH 27, 2025
As dynamic as the secondary market may be, secondaries come with complex tax implications that can significantly impact returns if not properly managed. What are the tax implications of secondary transactions? What are the tax challenges in secondary transactions? What tax strategies optimize secondary investments?
Taxes 52
52 
Just Don't With Private Assets
Random Roger's Retirement Planning
FEBRUARY 8, 2025
Barron's had a very quick look at the recent popularity of private assets to try to figure out whether investors should wade into the space. Consumer discretionary is another one that pretty reliably outperforms for ten year periods, not the last couple though after getting whacked pretty hard in 2022 though.
Assets 52
52 
Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)
The Chicago Financial Planner
NOVEMBER 27, 2022
One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. The maximum for 2022 is $61,000, this has been increased to $66,000 for 2023. Employee contribution limits are $20,500 for 2022 and $22,500 for 2023. Eligibility.
10 Wednesday AM Reads
The Big Picture
APRIL 19, 2023
( The Atlantic ) • How 2022 Became a Record Year for US Income Taxes : An asset-price boom, a progressive tax code and inflation interacted to drive effective rates higher than ever. Bloomberg ) • Tax season is getting longer. Now the process is working in reverse. Blame climate change.
Taxes 272
272 
Adviser links: client confidence
Abnormal Returns
FEBRUARY 13, 2023
citywire.com) Taxes Five tax mistakes to avoid when it comes to stock options, RSUs, etc. tonyisola.com) Advisers RIAs continue to take share of IRA assets. riabiz.com) The number of CFPs grew some 5% in 2022. (fa-mag.com) (mattreiner.com) SEC The SEC is going to focus on the new marketing rule in 2023.
Clients 245
245 
The Great Resignation Is Long Over
The Big Picture
JULY 27, 2022
Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). The 2010s monetary rescue plan benefitted anybody who owned capital assets: Stocks, Bonds, and Real Estate. I wrote a book about this).
Medicine 331
331 
Weekend Reading For Financial Planners (April 20-21)
Nerd's Eye View
APRIL 19, 2024
Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)
3rd Quarter Economic And Market Outlook: Understanding Risks And Opportunities In The Web Of Inflation, Interest Rates, Valuations, And More
Nerd's Eye View
OCTOBER 4, 2023
Furthermore, inflation, though down from its peak in early 2022, remains above the Federal Reserve's long-term target of 2% despite the bank's attempts to tamp it down. What's driving many of the economic conditions today are higher interest rates resulting from the Fed's efforts to fight inflation. And even though U.S.
Valuation 246
246 
Massachusetts ‘Millionaires’ Tax Applies to Sudden Wealth Events
Darrow Wealth Management
NOVEMBER 17, 2022
In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.
Taxes 107
107 
Mind the Gap
The Big Picture
AUGUST 30, 2023
Whatever phrase you select, the persistent gap between investors’ performance and the assets they hold is a substantial drag on returns. In this report, we dig into these nuances and explore how differences in the timing of cash flows, sequence of returns, and asset size can impact this gap.
Assets 243
243 
Make Tax Time a Happy Time!
MainStreet Financial Planning
MARCH 7, 2023
It is March…that means you have just about 5 weeks left to get organized and submit your tax return. The tax deadline is April 18, 2023 (some taxpayers in disaster areas in California, Georgia and Alabama have an extended deadline). Gathering all your documents is crucial to complete a tax return free of mistakes.
Taxes 98
98 
Untangling The IRS’s New Finalized (And Proposed) Regulations: The 10-Year Rule, Trust Beneficiaries, Spousal Beneficiaries, Annuities, And More!
Nerd's Eye View
JULY 24, 2024
When the original SECURE Act was passed in December 2019, it brought sweeping changes to the post-death tax treatment of qualified retirement accounts. Act passed in late 2022. Act passed in late 2022.
Distribution 190
190 
The “Art” of Market Timing
The Big Picture
NOVEMBER 27, 2023
This is before we get to the issue of capital gains taxes, which create a hurdle of (minimum) 20% on those pesky profits just to get to breakeven. Low Stakes : The most successful market timers are often those people who do not have actual assets at risk. It’s utterly laughable. 4 Newsletter writers are notorious for making big calls.
Marketing 304
304 
A Rising Tax Environment? What to Watch For.
Nationwide Financial
AUGUST 29, 2022
Key Takeaways: Even without new legislation, the prospect of higher taxes in the future is still looming. The impact of higher taxes on retirees could be substantial, so staying up to date on the current tax landscape is vital. But even without new legislation, the prospect of higher taxes in the future is still looming.
Taxes 98
98 
Weekend Reading For Financial Planners (Aug 13-14)
Nerd's Eye View
AUGUST 12, 2022
As RIA firms’ challenges in attracting and retaining talent have continued, firms have needed to reduce their business development activities to stay within their existing staff's capacity (compounding the challenges of growing firm revenue during a bear market that has reduced most firms’ assets under management).
Employ These 8 Year-End Strategies To Save During Tax Season
Fortune Financial
NOVEMBER 22, 2022
The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. In 2022, the limit for a 401(k) plan is $20,500 or $27,000 if you are age 50 or above.
Taxes 98
98 
10 Best Long-Term Investment Strategies for 2022
Good Financial Cents
SEPTEMBER 29, 2022
In this guide, we’re going to present the 10 best long-term investment strategies for 2022. The table below provides a quick summary of each of the 10 best long-term investment strategies for 2022, along with the main features and benefits of each. Below is our list of the 10 best long-term investment strategies for 2022.
Investing 109
109 
Transcript: Elizabeth Burton, Goldman Sachs Asset Management
The Big Picture
SEPTEMBER 19, 2023
The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. In fact, state revenues were often at all time highs from taxes when this happened. It depends on your asset allocation.
Assets 147
147 
Is Luck An Asset Class?
Random Roger's Retirement Planning
JUNE 27, 2024
If someone can build a portfolio robust enough to have at least a couple of things that go up in a terrible year like 2022, I could see a sort of mental accounting where someone thought they were lucky in a periods that was broadly unlucky.
Assets 95
95 
Personal, estate, and business tax planning strategies for 2023
Nationwide Financial
MARCH 6, 2023
Key Takeaways: Because the 2022 and 2023 standard deductions are relatively high ($27,700 in 2023 and $25,900 in 2022 for married couples filing jointly), it isn’t worthwhile for many taxpayers to itemize deductions. Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.
Tax Planning 78
78 
Yieldstreet Review: Should You Invest In Alternative Assets?
Good Financial Cents
JANUARY 16, 2023
We all witnessed the stock market’s volatility in 2022, as soaring inflation led to aggressive rate hikes over the course of the year. Access to wide array of alternative asset classes Access to ultra-wealthy investments Can invest for income or growth Learn More Now. Unique Asset Classes. Key Features of Yieldstreet.
Assets 94
94 
The United States Sovereign Wealth ETF
Random Roger's Retirement Planning
MARCH 5, 2025
We have an oil reserve already as well as a gold reserve which are sort of "break glass in case of emergency" assets while a SWF is more of a pool of capital that is typically derived from some sort of byproduct, like oil in the case of Norway, where that byproduct creates a surplus for the country. but it was low in 2022 when it mattered.
Portfolio 72
72 
Adviser links: setting expectations
Abnormal Returns
NOVEMBER 21, 2022
riabiz.com) Retirement Why retirees should include Social Security into their asset allocation. morningstar.com) Delaying taxes in retirement isn't always the best strategy. thinkadvisor.com) How Notice 2022-53 has affected the tax code. (riabiz.com) CI Financial ($CIXX) is planning to spin-off its U.S.
Is the ESG Craze Really Fading?
The Big Picture
NOVEMBER 20, 2023
Previously : Tax Alpha (April 14, 2022) Accessing Losses via Direct Indexing (April 14, 2021) The Cutting Edge (September 30, 2021) USA Is Smashing Its Clean Energy Targets (October 17, 2017) Sources : Wall Street’s ESG Craze Is Fading By Shane Shifflett WSJ, Nov. This is true whether you are pro-life or pro-environment.
Taxes 195
195 
Adviser links: changing relationships
Abnormal Returns
SEPTEMBER 26, 2022
Podcasts Christine Benz and Jeff Ptak talk with Tim Steffen, director of tax planning for Baird. riabiz.com) Three positives, and three negatives, from the 2022 Future Proof festival. linkedin.com) Fintech Most people don't need asset management, they need paycheck management. Budge looks to solve this.
Tax Planning 130
130 
Weekend Reading For Financial Planners (Aug 13-14)
Nerd's Eye View
AUGUST 12, 2022
As RIA firms’ challenges in attracting and retaining talent have continued, firms have needed to reduce their business development activities to stay within their existing staff's capacity (compounding the challenges of growing firm revenue during a bear market that has reduced most firms’ assets under management).
Does Your Financial Plan Account for Higher Taxes?
WiserAdvisor
OCTOBER 11, 2022
While these can be avoided, there is another cash outflow that can considerably lower your savings and returns and is also hard to avoid – tax. Tax planning is essential. Tax is charged on every penny you earn. Tax evasion is a crime, and missing tax payments can lead to legal hassles that can be hard to get out of.
A good time for a risk check-up
Nationwide Financial
JANUARY 25, 2023
Review risk tolerance and current asset allocation strategy It’s important to ensure your clients’ portfolios align with their risk tolerance because taking too much risk can negatively impact their ability to navigate market fluctuations. Suppose they made emotional investment decisions during the market volatility of 2022.
Risk Tolerance 102
102 
Thursday links: the cause of bubbles
Abnormal Returns
FEBRUARY 16, 2023
bloomberg.com) Bitcoin is at its highest level since June 2022. howardlindzon.com) Private assets Why private equity needs much better valuations. axios.com) Funds Tax efficiency is the secret sauce of ETFs. Markets The FTSE 100 Index has risen above 8,000 points for the first time ever. pragcap.com) Fidelity is hiring!
A Guide to the Foreign Earned Income Exclusion (FEIE)
Harness Wealth
FEBRUARY 5, 2025
The rise of remote work and digital nomadism has made FEIE a common tax minimization strategy for Americans living abroad. What is the Foreign Tax Credit (FTC)? Financial and lifestyle considerations of living abroad The importance of professional tax advice for expats FAQs about the FEIE What is the Foreign Earned Income Exclusion?
Taxes 52
52 
21 Top Income Producing Assets to Help You Grow Wealth
Good Financial Cents
NOVEMBER 9, 2022
Having enough income-producing assets working in your favor can make it possible to “live rich” – or at least get by – without ever having to clock in for an employer again. These people have income-producing assets spinning off profits or dividends, and they use those funds to pay for their bills and lifestyle.
Assets 93
93 
Four Quadrant Portfolio Check Up
Random Roger's Retirement Planning
MARCH 12, 2025
AQR Multi-Asset (AQRIX) used to be called Risk Parity and it also does some quadranty stuff. The max drawdowns of the backtested portfolios bottomed out in late 2022 as follows To the extent quadrant style might intersect with all-weather, you can decide for yourself whether any of them were all weather enough.
Portfolio 59
59 
Transcript: Julian Salisbury, GS
The Big Picture
MAY 9, 2023
He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry. And I think you will also.
Assets 299
299 
Sizing Up Multi-Strategy
Random Roger's Retirement Planning
MARCH 21, 2025
One of the pre-market Bloomberg emails gave a positive mention to the Cambria Global Asset Allocation ETF (GAA) because it is up in what of course has been a tough tape for equities this year. It is an interesting asset allocation that targets 40% in equities, 40% in fixed income and 20% in alternatives.
Donating Stock to Charity
Darrow Wealth Management
DECEMBER 5, 2022
Donating appreciated stock to charity can be a great way to give back and reduce your tax bill. Taxpayers who itemize get a tax deduction for the market value of the stock. If you want to make a gift for the 2022 tax year – act now. These two steps don’t need to happen in the same tax year. Give wisely.
Taxes 97
97 
Let's personalize your content