Practice

While sales of variable annuities declined 18% to $127 billion last year, guaranteed living benefits remained popular, with 84% of policyholders electing to buy those riders in the fourth quarter, according to LIMRA.

The Internal Revenue Service is collecting information on approximately 20 Swiss banks, according a letter from UBS, one of the main banks it has been investigating.

Your next generation of clients will require a bevy of new skills. The key—learning to say “no.”

Firms are grappling with how to best use the technology while not running afoul of regulators.

Reserve Management submitted court documents Thursday denying that it, founder Bruce Bent or his son Bruce Bent II intentionally tried to mislead investors in the flagship $62 billion Reserve Primary Fund into believing the now-defunct fund that broke the buck was solvent.

A bill to end private lenders' role in government guaranteed student lending — assumed to be on its way to quick enactment — has suddenly become a hotly contested debate.

Senate Banking Committee Chairman Chris Dodd's decision to try to negotiate a bipartisan regulatory reform deal with Republican Sen. Bob Corker was a mistake.

As tax season gets into full swing, many investors are taking a closer look to determine whether a Roth IRA conversion is right for them.

The company has already partnered with the city of San Francisco to offer wealth management services to its residents through direct mailings in their water and electric bills.

Bucking their overall skepticism or outright distrust of financial services companies, 90% of Americans trust the advice their financial planners have been giving them amid the financial turmoil of the past two years, according to the First Command Financial Behaviors Index.