Proposed legislation that would extend approximately 30 expiring tax cuts and include retirement provisions is unlikely to pass this year as members of the House of Representatives are reluctant to vote on a bill that is expected to receive opposition in the Senate. So reports The Washington Post.
Maintaining business operations while simultaneously providing advice, discovering new ways to deliver value to clients, and boosting profits are three of the largest challenges that advisors face, according to a Forbes column by David Miller, CEO of Peach Labs.
Advisory firms have provided a variety of perspectives on what the midterm elections may mean for capital markets. One common theme is that the Democrats' success in the House of Representatives and the Republicans' success with maintaining a majority in the Senate will result in legislative gridlock that may be favorable for equity markets.