Practice

Despite a significant decline in sales in the past years, advisors and industry executives remain upbeat about annuities because the products are expected to protect principal and provide retirement income.

BOSTON -- In their efforts to harmonize international regulations and allow the trade of structured products between continents, regulators in the U.S. and abroad acknowledge that cooperation with financial industry leaders is key to creating successful, transparent products.

BOSTON -- The staggering growth of UCITS (Undertakings for Collective Investment in Transferable Securities) throughout Europe, Asia and Latin America has led to a proliferation of new investment products and trading opportunities, but restrictive investment mandates and tax requirements in the U.S. are causing some U.S. investors to feel left out of the game.

The recovery zone bond program would double in size to $50 billion and Build America Bonds could be used to do current refundings of existing BABs under a new tax and jobs bill released late Thursday evening by leaders of the House and Senate tax-writing committees.

Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

U.S. Trust plans on hiring over 200 people in 2010 in order to expand its wealth management team.

Your assistant could be the future of your firm. But does he or she want to be?

Bill Would Extend Muni Provisions

The Senate voted Thursday evening to approve a historic financial regulatory reform bill that would make sweeping changes in how the financial system is regulated.

More than half or workers say they’re not confident about having the means to cover medical expenses in retirement, according to data from the Employee Benefit Research Institute.