Among the very wealthy, family foundations long have been a common vehicle for charitable giving. However, more families than ever are skipping foundations altogether in favor of simpler and cheaper donor-advised funds. read more »  | Ex-UBS AG Managing Director Peter Ghavami and two former colleagues convicted of rigging municipal bond investment deals may be sentenced to less prison time than the government is seeking, a federal judge said. read more » | The current market bodes well for certain sectors of stocks that have historically outperformed in rising rate environments, says new Lord Abbett study. read more » | A recent report found that clients with as much as $5 million didn't feel wealthy. Advisors wonder what it takes. read more » | Ameriprise Financial has hired three financial advisors from UBS, Raymond James Morgan Keegan, and HSBC. read more » | "If the primary goal of the Federal Reserve were lower bond yields, as implied by the talking heads on CNBC and Bloomberg TV (not to mention some Fed officials), then I submit that the Fed should abandon QE and adopt QT, i.e., begin outright sales of securities from its portfolio," says Paul L. Kasriel of Legacy Private Trust Company. read more » | Must Read |  Back to School on 529s The tax-advantaged plan was supposed to help average Americans save for their children's college education. Today, advisors are increasingly recommending them as an estate planning tool for the wealthy. read more » | Must Watch |  A More Perfect Practice If he were to rewrite his practice management book Practice Made Perfect today, Pershing's Mark Tibergien says he'd be more optimistic. He'd also take a look at what advisors are doing to attract next generation clients and build sustainable practices. read more » | Contact Us Matt Ackermann
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Online Editor-in-Chief
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