Author Archive | Advanced Asset Management

WASHINGTON HOTLINE

WASHINGTON HOTLINE On July 2, 2010, President Obama signed the Homebuyer Assistance and Improvement Act of 2010 (H.R. 5623). The bill permits first-time homebuyers to qualify for the $8,000 credit. It also allows homeowners who have lived for five years in their current residence to purchase a new home and receive a credit of $6,500. […]

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AAM LLC Weekly Wrap July 10 2010

Weekly Market Wrap: Traders were in a cheerful mood as they returned from their 4th of July celebration sending the markets significantly higher this week having its best week in about 12 months.  The S&P 500 closed up 5.4% at 1,078 and was up every day this holiday shortened week.  Oil also finished higher at […]

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WASHINGTON HOTLINE

WASHINGTON HOTLINE By a vote of 215 to 210, the House of Representatives passed a one-year budget enforcement resolution. While it is rare in election years for the House to pass a full budget resolution, the urgency of the fiscal situation in the nation caused the House to pass the one-year plan. House Budget Chair […]

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WASHINGTON HOTLINE

WASHINGTON HOTLINE Tax Extenders Drama Continues The Senate and House continue in their efforts to pass the American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213). Both parties are debating the cost of the bill and the tax offsets. On June 17, 2010, Senate Finance Chair Max Baucus (D-MT) offered his latest version […]

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WASHINGTON HOTLINE

WASHINGTON HOTLINE Senate Extenders Compromise on Hedge Fund Taxes The Senate continues to move forward on the American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213). Following passage of the bill by the House on May 28, 2010, the Senate has taken up the legislation. The House bill’s principal offset is a tax […]

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A Family Mission Statement Can Help Any Family Manage Assets, Philanthropy and Direction

A Family Mission Statement Can Help Any Family Manage Assets, Philanthropy and Direction A family doesn’t need a surname like Vanderbilt to benefit from a family mission statement.  A mission statement is a collaborative document created by one or more generations of family so standards and goals can be set for the handling of all […]

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