Trusts can be a great way to manage your assets during your lifetime and after your death. However, they have some strict rules that trust account must follow. If you’re a trustee, know the rules before withdrawing any money. Otherwise, you could get in trouble for misconduct. Taking Money From a Trust Account A trust is […]
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The Securities and Exchange Commission might be about to mandate swing pricing for most open-end funds. This would fundamentally alter how investors buy and sell shares in these investments. Swing pricing is designed to help fund shareholders bear their transactions’ trading costs. Specifically, it requires funds to adjust their net asset value per share whenever […]
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The SEC might mandate swing pricing for most funds, which would be a boon for investors and fund managers. However, some impediments to this type of pricing in the U.S. should be watched closely. For example, there are various transition periods in which funds must adjust their pricing to comply with the rules. Also, there […]
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Despite the increasing awareness that a new generation of high-net-worth individuals is coming into the market, many believe the future of wealth will be determined by technology and succession. The fam and the next-gen face a disconnect that could be worsened by the introduction of artificial intelligence and the increasing complexity of the business. The […]
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You might wonder if a trustee can withdraw money if you have a trust account. This is a very good question, and you should understand that there are several things you need to keep in mind when it comes to withdrawing funds from your trust account. You must first seek prior approval, you need to […]
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