We were direct when we were children. When a relative visited on our birthday, we would greet them with the words, "Where is my present?" We enjoy shopping for our spouse or partner and look forward to their smile as they open packages during the holidays. Everyone appreciates presents. A simple, thoughtful gift can work wonders in business relationships too. The financial services industry has rules. FINRA rule 3220 limits annual gifts to a client at $100 per individual or $200 per couple. That is a cumulative, annual amount, not a per-gift threshold. Even though prices go up, there are plenty of affordable gifts that will make an impact, with clients and otherwise. See the accompanying gallery for 11 generous gestures.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Sponsored by Allianz Life Insurance Company of North America and Allianz Life Financial Services LLC
Year-end 2024 Tax Topics Checklist