Top Portfolio Products: SSGA, Fidelity & Direxion Launch New ETFs
Meanwhile, Vertical Capital rolls out an MLP fund in cooperation with MAI Capital.
Obama’s $4 Trillion Budget Sets Up Tax Fight With Congress
The budget would raise taxes on corporations and top earners, spend more on infrastructure and housing, and stabilize, but not eliminate, the annual budget deficit.
Paid Tax Preparers Should Be Regulated, Consumer Groups Say
More than half of all tax returns are prepared by paid tax preparers, only 40% of whom are subject to mandatory professional standards, coalition says.
Obama Drops 529 Tax Plan; New College Saving Bills Floated
Administration will now focus on delivering a “larger package” of education tax relief that will have bipartisan support.
Raymond James Picks Up $1.3M Rep From UBS
Also, Stratos Wealth added two advisors near Columbus, Ohio.
Fall of the Bond King: Gross Lost an Empire as PIMCO Cracked
Interviews with 25 current and former PIMCO employees paint a complex picture of the events that led to Gross’s departure.
Court Blocks Restrictive State Medicaid Annuity Practices
An Ohio federal court ruling suggests the way may be clearing for clients who wish to use Medicaid-compliant annuities in their long-term care planning.
Goldman Fires Bankers After Getting Confidential Fed Info
Goldman Sachs fired two bankers after one of them allegedly shared confidential documents from the Federal Reserve Bank of New York within the firm.
Senate Rejection of Keystone XL Measure Sets Up 2015 Showdown
Keystone XL pipeline backers came up one vote short in the Senate though vowed to try again in January.
10 Scariest States Ranked by Pension Promises
If the nation had an actuary-in-chief examining state pension systems, he'd have to declare the state of the states “bleak.”