The Big Picture

APRIL 11, 2024

And even still, fund fees and taxes remained a major cost element. In 1978, Congress enacted Internal Revenue Code Section 401(k), which allowed tax-deferred savings through a company-administered plan. Lower trading costs, a rampaging bull market, and tax-deferred investing led to millions of new entrants into markets.

Securities and Exchange Commission (SEC) 140

Securities and Exchange Commission (SEC) Mutual Funds Hedge Funds Taxes 140

The Motley Fool

FEBRUARY 27, 2024

Two, increasing our annual dividends declared each year since inception in 2016; three, committing capital totaling $119.5 Most importantly, such a reclassification is expected to end the 280E tax treatment, which has imposed an extreme unsustainable tax burden on regulated operators for years. million during 2023.

Taxes 100

Taxes Assets Capital Debt 100

The Motley Fool

OCTOBER 15, 2024

This activity is consistent with how customers are spending money in the 2016 to 2019 timeframe. billion in net income after tax. So going back to Slide 9, regarding NII on a GAAP, non-FTE basis, NII in Q3 was $14 billion and on a fully tax equivalent basis, NII was $14.1 billion or more on a fully tax equivalent basis.

Banks 130

Banks Leveraging Assets Capital 130

The Motley Fool

FEBRUARY 7, 2024

Our pre-tax adjusted operating income was $5.5 Our GAAP net income for the quarter was $374 million higher than our after-tax AOI, primarily driven by net investment gains due to declining rates. PGIM, our global investment manager, had lower other related revenues driven by lower incentive fees and agency income, and higher expenses.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

AUGUST 2, 2023

Our pre-tax adjusted operating income was $1.4 per share, on an after-tax basis. These results reflect underlying business growth, including the benefits from a higher interest rate environment and favorable underwriting experience, partially offset by elevated expenses and lower variable investment and fee income.

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

FEBRUARY 21, 2024

As a reminder, in April of 2021, our company entered into a limited partnership agreement with Pelion Ventures in Draper, Utah, to manage the Medici portfolio. This partnership came with an annual management fee, in addition to upside deal economics, in exchange for them nurturing these companies and building value.

Assets 130

Assets Banks Shareholders Portfolios 130

The Big Picture

MARCH 27, 2023

Before that, 2016, the energy crisis, same. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less. And so what that’s done is a couple things. It was a few months in 20, 25 months. So it’s all available.

Hedge Funds 114

Hedge Funds Funds Assets Finance 114