News Roundup

News Roundup (466)

White House Considers Capital Gains Tax Cut

The White House is considering indexing capital gains taxes to inflation which could slash payments to U.S. coffers when securities are sold at a profit. So reports Bloomberg.

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Golf Clubs Once Owned By Warren Buffett Sell for $40,000

It seems that even golf clubs touched by Warren Buffett turn to gold, or at least into something as valuable as the precious metal. So reports Fox Business.

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Advisor Creates Niche Among NFL Players

Chris Moynes and his southern California-based firm One Capital Management have created a niche among NFL players by working long, unorthodox hours and by giving players honest answers rather than providing responses that clients want to hear. So reports Financial Planning.

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Colleges Add Financial Planning Programs as Advisor Shortage Looms

Colleges are increasingly adding financial planning programs, including programs that prepare students for taking the CFP board exam, as a shortage of advisors looms. So reports CNBC.

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Reverence Capital Partners Acquires Advisor Group

Reverence Capital Partners will buy a 75% stake in the Advisor Group from the independent broker-dealer’s shareholders. So reports Barron’s.

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Advisors Are Missing Out on Millennial Opportunity

According to data from marketing consulting firm Purpose Generation, only 30% of advisors pursue clients under the age of 40, which could be a mistake because Baby Boomer clients are beginning to spend their wealth rather than accumulate assets. So reports Financial Planning.

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Advisor Charged with Murder Released on Bail

Financial advisor Gavin Hapgood, who has been charged with murder by Anguilla authorities, has been released from jail and has returned to the U.S. after posting $74,000 for bail. So reports Boston.com.

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Many Women Aren’t Happy with Their Advisors

A new survey by New York Life Investments finds that 40% of female respondents believe financial professionals treat women differently than men and that many women feel they have less access to financial education than they should. So reports the Motley Fool.

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Advisor, Praised by Controversial Pastor, Charged with Fraud

Financial advisor W. Neil “Doc” Gallagher, who has been praised by controversial Pastor Robert Jeffress, has been thrown in jail on charges that he used a Ponzi scam to steal $19 million from senior citizens. So reports Religion News.

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Stress of Being a Sandwich Parent Flows Through to Children

Children of the “sandwich generation,” which is a group of adults who must also care for their own parents, tend to spend money quickly and are more likely to lack supervision with how they spend their cash. So reports Forbes.

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