Grantor-retained annuity trusts, one of the most powerful and tax efficient wealth transfer tools, could be a lot less attractive for wealthy investors in the future.
As the Securities and Exchange Commission continues its investigation of New York-based celebrity adviser Kenneth Starr and his alleged $30 million fraud, custody is emerging as a central issue.
The publicity surrounding Kenneth Starr's arrest constitutes another black eye for the financial advice business. A look at the details of the case reveals something many advisers already know: custody matters<br><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH><b>Gallery</b>: Kenneth Starr's A-list roster of clients</a>
Kenneth Ira Starr, whose advisory firm manages $700 million -- including the assets of scores of celebrities -- was charged by the U.S. with defrauding clients.<br><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH&nocache=1&Params=Itemnr=1><b>A-List:</b> A look at Kenneth Starr's famous clients</a>
Hedge fund managers in the U.S. and Europe did a good turn for the Securities and Exchange Commission, and helped uncover an attempt at insider trading involving an employee of Walt Disney & Co.
Bank of New York Mellon Corp. is closing nine of its wealth management branches in Pennsylvania, New York, and New Jersey, the company confirmed today.
Barclays Wealth, the $241 billion wealth management unit of Barclays Bank PLC, has snapped up a team of advisers from Neuberger Berman LLC, the company announced Wednesday.
Head of discount brokerage's custody arm says larger firms already talking up the virtues of the financial instruments; expand 'beyond asset allocation'
