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Utah's Fastest-Growing Investment Advisory Firm Drive Wealth Advisors Acquires Magellan Capital, LLC Further Strengthening Utah's Financial Market Positions


 
Drive Wealth Advisers, a fee-only, SEC registered investment advisory firm with over $800 million in assets under management announces the acquisition and merger of
Magellan Capital LLC.
Lowell Crabb, CFP®, Principal
, Drive Wealth Advisors, stated, At Drive Wealth, we believe the bedrock of a prestigious wealth advisory firm is laid in its people s undying commitment and desire to better the lives of the families they serve. Our decision to acquire and align with Magellan Capital was entirely motivated by our eagerness to bolster the team with individuals who possess this same commitment and desire. I m honored to link arms with them as we continue to build Utah s preeminent independent firm. ....

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American Retirement Association Issues Public Comment on IRS Notice


American Retirement Association Issues Public Comment on IRS Notice
Targeted News Service
Kelsey Mayo, director for regulatory policy, at the
American Retirement Association,
Arlington, Virginia, have issued a public comment on the
Internal Revenue Service notice entitled Request for Comments Regarding Protection of ERISA Sec. 205 Spousal Rights Under a Terminating Sec. 403(b) Plan Funded Through the Use of Custodial Accounts . The comment was written on
Feb. 3, 2021, and posted on
Feb. 4, 2021:

The American Retirement Association ( ARA ) is writing in response to Internal Revenue Service Notice 2020-80, regarding comments on the application of section 205 of ERISA in connection with a distribution of an individual custodial account in-kind under section 110 of the SECURE Act (Public Law 116-94) for a Sec. 403(b) plan participant. ARA thanks the ....

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