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The IRS Tightens Screws on Trust Tax Returns
Even though the number of fiduciary returns declined during the recession, the number of audits surged. A field visit can easily cost a trust an extra $221,000 and a good-sized estate $800,000. The...
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With OTS Gone, Trust Banks Prepare for Tougher OCC Oversight
Now that the OCC has absorbed the old Office of Thrift Supervision, the process of “streamlining” grandfathered regulations has already begun. On July 21, the Office of Thrift Supervision ceased to...
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New 401(k) Disclosure Regs Put DOL Cops in Frying Pan on Agency Webcast
Endless questions and clarifications highlight the extent of confusion out there after Labor Department crackdown on disclosure and third-party responsibilities. UPDATE: EBSA has further complicated...
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Happy Days Are Here Again: Both Broker-Dealers and Advisors Boost Assets in a...
The credit crunch pushed accounts off Wall Street and gave everyone else in the wealth management industry the upper hand. Are outsourced portfolios the key to winning the new game? Before the 2008...
View ArticleAdvisor Trust Companies Continue Year-End Winning Streak
Advisor-centric trust services ring in big profits and build AUM for both advisors and trust firms alike. There aren’t many advisors who wouldn’t mind tripling their client assets in a single year,...
View ArticleTrust Firms’ Profits Stay Positive in First Quarter
Full-service banks are still fighting headwinds, but business is booming in their trust departments. More specialized trust companies are making a lot of money. It was another bumpy season for the big...
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Who’s Charging What for Trust Services? Part 2
Our new expanded trust industry survey for the second quarter of 2010 reveals who’s charging what for directed trusts and for investment management. We found some providers offer a better deal for...
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Expert Says Banks No Longer Key Player in Personal Trust Business
New Tiburon report shows independent trust firms ahead and winning the race for profitability and amassing personal trust assets. Warns banks to wake up and change or lose big. A generation ago, banks...
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GlobalBridge UMA Platforms Continue to Win More Trust Firms
Trust banks and independents are flocking to the firm’s easy-to-use manager selection and monitoring as their preferred choice for UMA overlay management. In an environment where financial institutions...
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Provident Trust Launches Campaign to Help Advisors Get Smarter, Wealthier
CEO says the “Professional Advisors Alliance” creates a pathway to provide RIAs, estate planners, CPAs and others everything they need to sell, support and profit from trust relationships. The...
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