Re-Engineering
J.P. Morgan: A Field Report
J.P. Morgan had a product up its sleeve for its
broker-dealers on Aug. 4. That was the date it put the servicing of more
than one million accounts onto a new broker-dealer platform, known as
Morgan Communications or MORCOM. The online system was to serve both
retail and institutional brokers.
Discussions
Ask Ed Slott:
Sorting Out IRA Pro-Rata Rules
A Roth IRA is not counted in the pro-rata
rule. An inherited IRA is separate from contributed IRAs, and a separate
Form 8606 would have to be filed for that IRA.
As Advisor
Workforce Ages, Can Its Wisdom — and Clients — Be Passed
On?
The graying of the workforce is a problem for
banks, but an opportunity for bank advisors, young and old, if they
think ahead. Enterprising bank advisors planning to retire can buddy up
with younger advisors and put them in place as potential successors.
Both senior and junior advisors will win from teaming up.
Can Florida
Millionaire Justify Adopting His Girlfriend?
John Goodman's lawyer states that the adoption was done to protect
Goodman's children, not to shield assets from the family of the slain
driver who is suing him. While Goodman, of Palm Beach, has been bashed
across the country for his legal maneuver, it actually makes sense from
a probate law perspective.
How Pro Bono Can
Benefit Your Practice
For planners with energy to spare, pro
bono work promotes the concept of holistic financial planning in
compelling ways.
Contact Us
Larry Barrett
larry.barrett@sourcemedia.com
Online Managing Editor
Phone: 212.803.8415
Michael Schott
michael.schott@sourcemedia.com
Publisher
Phone: 212.803.8567
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