Direct indexing, alternatives, harvesting and asset location.
September 10, 2026 at 12:28 PM PDT
An art broker who spent a partner's unrestricted wire on a separate painting owed tax on the money in the year it arrived, the court held, because nothing at the time made it a loan or a deposit.
The Fourth Circuit ruled a businessman recklessly failed to report Hong Kong and Swiss accounts, and that a penalty near 30% of the statutory maximum was not grossly disproportional.
Cerulli says 84% of bank executives worry about talent retention and 41% of advisors value product breadth, a dynamic that puts more private funds in front of clients whose tax filings grow more complex.
Companion rulings in Bruyea and Christensen say neither the U.S.-Canada nor U.S.-France tax treaty lets a foreign tax credit offset the net investment income tax, exposing expatriates to double taxation on investment income.
Treasury’s August 20 proposal bars sector, ESG and leveraged funds from Trump Accounts until the year a child turns 18, and caps fund costs at a tenth of a percent.
Advisors already place $2.2 trillion in less-liquid private capital. As that doubles, affluent investors face later tax forms, state filings and UBTI questions that public funds rarely raise.
Automated tax-loss harvesting is nearly standard at 79% of platforms, but fewer than half offer help moving a portfolio and only 21% offer tax-smart withdrawals, Cerulli's survey shows.
UBS's Global Wealth Report 2026 found the US added more new dollar millionaires than any other country, a milestone that turns first-time wealth into first-time exposure to estate and capital gains tax.
The fund industry has asked Treasury for guidance on Section 351 ETF conversions after officials discussed labeling some of the deals a tax-avoidance "transaction of interest."
Capgemini's World Wealth Report 2026 found the fastest wealth growth for high-net-worth individuals since 2018, driven by equities that many households have never trimmed for taxes.
The 2026 Wealth Report counts 251,352 Americans worth $30 million or more, the largest population of any country, and traces where that wealth is flowing across private capital, real estate and alternative assets.
A new Labor Department rule would shield plan sponsors who evaluate private equity, real estate and digital assets under a defined process, opening the door to more alternatives in workplace retirement plans.
The 2026 Dirty Dozen list flags fabricated undistributed capital gains credits and AI-enhanced impersonation calls, both aimed at taxpayers with investment income.
Brokers' first Forms 1099-DA report only gross proceeds for 2025 sales, leaving investors to prove their own cost basis, while Treasury proposes letting brokers deliver the forms electronically.
A PGIM and SHOOK Research survey of 236 highly ranked advisors finds direct indexing and alternatives moving from niche to core in $5 million-plus portfolios, with taxes driving the shift.
A new equal-weight US stock fund will accept in-kind contributions under Section 351, a decades-old rule that lets investors with embedded gains diversify without an immediate tax bill.
A notice letting Dimensional Fund Advisors add an ETF share class to its mutual funds opens a structure that can cut capital-gain distributions for taxable investors industrywide.
A new alternatives program brings institutional-style private market funds to ultra-wealthy clients, along with the K-1s, state filings and tax drag that come with them.
Sen. Cynthia Lummis's digital asset tax package would end same-day crypto loss harvesting, defer tax on staking rewards and waive appraisals for donated tokens.