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Here are the best frequent-flyer programs
NEWS INDUSTRY NEWS AUG 23, 2018
Here are the best frequent-flyer programs

Survey shows many loyalty program members are confused about how their program works

Here's what could happen to your taxes if Democrats regain control of Congress
NEWS REGULATION AND LEGISLATION AUG 23, 2018
Here's what could happen to your taxes if Democrats regain control of Congress

Boosting the corporate tax rate, eliminating carried interest and modifying the pass-through provision are among the possibilities Democrats are discussing.

Active managers fall further behind indexes
INVESTING MUTUAL FUNDS AUG 23, 2018
Active managers fall further behind indexes

Just 36% of actively managed stock funds topped indexes through June, down from 43% in 2017.

Galvin dings North Carolina brokerage $400,000 for 'shutting its eyes' to violations
NEWS REGULATION AND LEGISLATION AUG 23, 2018
Galvin dings North Carolina brokerage $400,000 for 'shutting its eyes' to violations

Capital Investment Group allegedly failed to supervise an agent who solicited money from clients for his own business ventures.

IRS blocks New York, New Jersey plans to elude cap on SALT deduction
RETIREMENT TAX AUG 23, 2018
IRS blocks New York, New Jersey plans to elude cap on SALT deduction

States' strategies of characterizing property taxes as charitable contributions won't fly, agency says.

Citigroup unveils plan to reverse its declining diversity
YOUR PRACTICE PRACTICE MANAGEMENT AUG 22, 2018
Citigroup unveils plan to reverse its declining diversity

Top leaders at the firm will be measured on the progress of diversity goals on their scorecard, as they are with other business priorities.

SEC bars owner of investment advisory firm for misusing $2.2 million in client funds
NEWS REGULATION AND LEGISLATION AUG 22, 2018
SEC bars owner of investment advisory firm for misusing $2.2 million in client funds

Caleb R. Overton raised the money to invest in an S&P 500 ETF but instead allegedly played options and lost all but $34,000 in a little over a year.

JPMorgan Chase axes about 100 asset management employees
YOUR PRACTICE PRACTICE MANAGEMENT AUG 22, 2018
JPMorgan Chase axes about 100 asset management employees

Cuts are global and follow a business review

Raymond James lands $1 billion team from Wells Fargo Advisors in New York
NEWS INDUSTRY NEWS AUG 22, 2018
Raymond James lands $1 billion team from Wells Fargo Advisors in New York

The four-person adviser team got its start in 1987.

JPMorgan offer of free trades hits discount brokerages
INVESTING EQUITIES AUG 21, 2018
JPMorgan offer of free trades hits discount brokerages

Firm's new mobile investing platform gives clients 100 free trades in the first year and free equity research.