Name: Michael Shalhoup Firm: Merrill Lynch Wealth Management Location: New York, NY AUM: $1.7 billion Forbes Rankings: America’s Top Next-Gen Wealth Advisors, Top Next-Gen Wealth Advisors Best-in-State, Best-in-State Wealth Advisors, Best-In-State Wealth Management Teams, America’s Top Wealth Management Teams High Net Worth Background: Michael Shalhoup studied economics at West Virginia…

Apple AAPL and Tesla TSLA are the 2 most mentioned stocks when I talk with others at the coffee shop or around the neighborhood. It sometimes seems as if everyone in America owns at least 10 or 20 shares of these companies. It’s a tell (to put it in poker…

2023 Federal Tax Forms 1099-DIV – Reports ordinary and qualified dividends and short- and long-term capital gains distributions for taxable and tax-exempt accounts. 1099-B – Reports exchange and redemption activity in non-IRA accounts. 1099-R – Reports withdrawals from retirement plan accounts and IRAs, including distributions, rollovers, conversions, recharacterizations and excess…

Name: Hollis Montgomery Firm: Morgan Stanley Wealth Management Location: Atlanta, GA AUM: $7.1 billion Forbes Rankings: America’s Top Next-Gen Wealth Advisors, Top Next-Gen Wealth Advisors Best-in-State, Best-in-State Wealth Advisors, America’s Top Women Wealth Advisors, Top Women Wealth Advisors Best-In-State, Best-In-State Wealth Management Teams, America’s Top Wealth Management Teams High Net…

Name: Nick Francia Firm: UBS Wealth Management Location: Washington D.C. AUM: $2.9 billion Forbes Rankings: America’s Top Next-Gen Wealth Advisors, Top Next-Gen Wealth Advisors Best-in-State, Best-in-State Wealth Advisors, Best-In-State Wealth Management Teams, America’s Top Wealth Management Teams Private Wealth Background: Nick Francia grew up in Connecticut part of a family…

When it comes to estate planning, it is crucial to carefully consider the inclusion of firearms in your plan. Firearms are unique in that they carry an inherent risk of legal peril, including potential criminal liability, if they are not transferred properly. To ensure a smooth and legal transfer of…

If you receive Social Security benefits, the portion of those benefits which will be taxable depends on your income. The taxable portion is between 0% and 85% of your benefits. To calculate how much is taxable, you compare your so-called provisional income to two thresholds. Those are: Provisional income below…

On apparent hope that “cooling inflation” may mean lower interest rates and sooner rather than later, these life insurance stocks last week rocketed to new 2023 highs. They were clearly outperforming weakness in the big-name tech stocks that had been grabbing the investment news headlines. Generally thought of as unexciting…

With the vast majority of earnings reports complete in the wake of the busiest week of the season, the headline earnings decline moderated to better than the decline expected at the end of the quarter. The S&P 500 fell by over 2% for the week, pressured by the 10-Year Treasury…

Berkshire Hathaway (BRK/A, BRK/B) reported earnings of $35.9 billion in the second quarter versus a loss of $43.6 billion in the same quarter of 2022. Since results are heavily impacted by gains or losses from the investment portfolio, with unrealized losses from their portfolio included in earnings, the rally in…