Practice

State regulators are urging Senate Banking Committee Chairman Chris Dodd to change a provision in the regulatory reform bill that they claim would force most large state banks to convert to national charters.

The industry buzz was that McCann had been telling people the firm was overstaffed at headquarters.

Rep-as-advisor managed accounts have been steadily growing in popularity and will continue to do so in the short-term, but Cerulli Associates see growth dampening because of the account’s nondiscretionary nature.

A key point of contention in the Senate regulatory reform bill comes down to a critical question: How much flexibility should the government have when a systemically important firm falters?

Victory Capital Management, the asset management arm of KeyCorp's KeyBank, says it is positioned to quickly expand the assets it manages in collective investment trusts, or CITs, for defined contribution plans, but the effort will not lack challenges.

With no estate tax, everything could go to the kids.

Baird Private Wealth Management, a division of Milwaukee-based Baird has not said exactly how many advisors they want to recruit from the wirehouse channel this year, but this much is clear: the Arizona market is heating up.

ING plans to launch a registered indexed annuity called Select Multi-Index next month and is voluntarily registering it with the Securities and Exchange Commission in anticipation of Rule 151A.

A key banking industry argument against the creation of a consumer protection agency — that the new division would write rules that conflict with safety and soundness standards — is shaky.

Most non-retired Americans doubt they will ever have enough money to live comfortably in retirement, according to a Gallup poll. But Allianz Life Insurance Co., offered a series of tips to help.