The Expat Life: Helping Clients Retire Overseas
The trend of Americans retiring in foreign countries to live more comfortably opens a new frontier for advisors.
Regulators Approve Volcker Rule, the Core of Dodd-Frank
The Fed and FDIC unanimously vote to adopt the rule, which adds tough new restrictions on banks.
SEC Slaps 3 Advisors for Custody Violations
The SEC on Monday sanctioned three SEC-registered advisory firms for violating the custody rule.
Expat Americans, Foreign Banks Heave Under IRS Pressure
FATCA, newly delayed until July 2014, will require foreign financial institutions to report on U.S. citizens’ holdings or pay a steep withholding tax.
Top Portfolio Products: New Dividend Income Fund From RiverNorth
New products introduced over the last week include a dividend income fund from RiverNorth and retail access to an equity hedge ETF from AdvisorShares.
IRS to Help Ex-Pats, Dual Citizens Catch Up on Tax Filings
New procedures will cover missed tax returns and FBARs, based on taxpayers’ compliance risk profiles.
More U.S. Citizens Jumping Ship to Avoid Taxes
While the number of Americans abandoning their citizenship is increasing, so too is the number of foreigners coming to U.S. shores to take advantage of so-called “investor visas.”
9 Challenges Asset Managers Must Navigate for Rest of 2012
The second half of 2012 is shaping up as a turning point for many asset management firms, forcing them to take “transformational steps” to boost their competitiveness, according to a PwC report.
China New Land of Expansion for Banks
Bank of America is setting its sights on China. After adding both staff and profit in its initial efforts there, it sees more opportunity in the huge Chinese economy than it does in other areas, where it is slashing staff and shuttering branches.
Treasury Extends FBAR Deadline Again
Treasury again extends deadline for filing FBAR forms, but this likely to be the last reprieve.