Practice

It’s a nerve-wracking jolt into the electronic age, but converting your paper files to bytes streamlines both your client services and your compliance readiness.

According to a survey, four in five corporations could drop money market funds from their portfolios if funds are required to shift to a floating net asset value reporting structure.

Matt Fink, former president of the ICI, comments in the latest edition of his book on how another financial crisis may one day be in the making.

Advisors should heed how the bank is leveraging new technology to converse with customers online.

As directors and officers of failed banks brace for FDIC lawsuits, an intense legal battle is developing over accessing files at their former institutions.

With wealthy under-50 investors making up 29% of total affluent investors in the United States – and growing - the big question for wealth management firms is how to gain more wallet-share from this critical client segment.

The Bank of America unit Trust has appointed five new advisors in Illinois and Texas to focus on ultra-high net worth clients.

HighTower has expanded its New York team by merging with the business of Steve Bogner, a former Morgan Stanley Smith Barney advisor who manages $80 million in client assets.

In 2008, Oxford University Press published the first history of mutual funds, THE RISE OF MUTUAL FUNDS: AN INSIDER’S VIEW, by Matthew P. Fink, former president of the Investment Company Institute. Oxford has just published a new paperback edition, updated to cover the 2008 financial crisis and its impact on mutual funds. The following is the Preface to the new edition.

Fidelity announced Monday that the lifetime income variable annuity that it offers through MetLife, the MetLife Growth and Guaranteed Income annuity, has attracted more than $1 billion in sales since it was first offered a year ago.