For too long, women were socialized to believe that they were bad with money or that financial management was a role better left to their husbands. While women have come a long way, there remains a significant gender gap in financial literacy. According to the results of a recent study conducted by the Global Financial […]
Gone are the days when large, institutional banks and wirehouses were the only ones with pockets deep enough to arm financial advisors with the tools needed to attract and retain wealthy clients. Today, registered investment advisors (RIAs) and wealth-management firms that align with independent broker-dealers (IBDs) have access to a wide array of customizable strategies […]
Retirement savers who leave their jobs with outstanding loans from their employer-sponsored 401(k) plans now have up to 21 months to pay back unpaid balances, thanks to the new tax laws. This extended repayment period also provides cost-cutting relief to employers by reducing retirement plan leakage. Under the Tax Cuts and Jobs Act, workers who […]
FT. LAUDERDALE, FL – May 9, 2018 – Jamel Gordon has joined Provenance Wealth Advisors as a financial advisor based in the firm’s Ft. Lauderdale office. Gordon offers financial planning consulting services to entrepreneurs, business owners and high-net-worth families and individuals. He has specialized experience in financial planning for professional athletes and entertainers. “Jamel adds […]
If you gathered documents to prepare your annual federal income tax returns, take a moment now to look closely at your financial accounts, how they are titled, and who is named as a beneficiary, before filing those papers away in a drawer. A mistitled account or lack of a named beneficiary can lead to a […]
On March 15, 2018, the Court of Appeals for the Fifth Circuit Court overturned a lower court decision that would have advanced a fiduciary standard for investment advice that the Department of Labor’s introduced in 2016. The appeals court decision invalidates the fiduciary rule requiring investment brokers and financial advisors to act as “fiduciaries” when […]
