Q&A with David Edwards: Does the Patriot Act require that personal investment accounts need to be disclosed before inheriting brokerage accounts?

Q&A with David Edwards: Does the Patriot Act require that personal investment accounts need to be disclosed before inheriting brokerage accounts?

Question: My mom recently passed away. She left myself and my siblings equal distributions from her brokerage accounts. Her financial advisor wants each of us to provide a detailed accounting of our current, personal investment accounts. He cites the need to comply with the Patriot Act. Does the Patriot Act require this?

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What a long, strange year it's been!

What a long, strange year it's been!

US stocks celebrated the 30th anniversary of the 1987 stock market crash by making yet another all time high.  US stocks as represented by the S&P 500 are up 16.9% YTD, double our forecast at the start of the year. The S&P 500 made 51 new records so far this year - 25% of trading days.

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