Practice

htretirement services unit is generating significant new business, much of it from existing clients of the bank.

Large asset managers are beginning to focus more on providing retirement income solutions, according to survey by Hearts & Wallets of nearly two dozed large, multifaceted firms with more than $10 trillion in assets under administration.

The Financial Industry Regulatory Authority is developing a system that will tell its examiners and firms’ compliance officials whether firms that sold munis with material-event disclosures passed that information on to customers.

Although Sheila Bair and the ABA have often been at loggerheads over regulatory reform, the distance between them was never more apparent than during her last address to the group.

In the latest indicator that perhaps the worst of the economic malaise is behind us, a new report released on Wednesday by Spectrem Group finds that the number of U.S. households with a net worth of more than $1 million, excluding their primary residence, jumped 8% to more than 8.4 million households in 2010.

Parents may need to worry less that they’ll promote dependency, study finds.

Two top Obama administration officials said Tuesday that the government-sponsored enterprises would not be exempted from a pending proposal to help standardize mortgages sold into the secondary market.

Americans are not very confident at all that they will be able to retire, a Country Financial survey of 3,000 Americans finds.

Despite all the dire warnings from financial advisors, relatives and the federal government, most Americans still aren't saving anywhere near enough money to afford the dignified retirement they all claim is so important to them and, worse, most don't even have any idea exactly how much they'll need even if they were to begin saving today for their golden years.

Americans are not very confident at all that they will be able to retire, a Country Financial survey of 3,000 Americans finds.