Practice

While the international millionaire population’s wealth rose past pre-crisis levels in 2010, wealth managers need to prepare as that demographic gradually shifts to younger clients, according to a new report released on Wednesday.

J.P. Morgan Securities LLC will pay $153.6 million to settle charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet, the Securities and Exchange Commission said.

With only 51% of Americans believing they will have enough money to enjoy a comfortable retirement, an all-time low, the Country Financial Security Index fell one point in June to 63.7.

The Federal Deposit Insurance Corp. convened some of the best banking-policy minds on the planet Tuesday to look at how best the agency can use its new powers to unwind a large, systemically important bank.

Legal controversy has surrounded the Estate of Michael Jackson ever since he died almost two years ago. Trial & Heirs did a year in review article last year; it’s almost time for year two. You can now add a new lawsuit — over $17.5 million worth of insurance — to the list.

The SEC wants to exclude the value of a client’s primary residence and any debt secured by the property when calculating a household’s net worth. What took so long?

Despite witnessing firsthand the anxiety and apprehension that many of their Baby Boomer parents are now enduring as they close in on retirement, the overwhelming majority of Gen-Xers are still not adequately preparing themselves for their own eventual retirement.

It’s official. Senior ranking Wall Street operations executives must be licensed as operations professionals. The Securities and Exchange Commission has approved the Financial Industry Regulatory Authority’s request to do so, albeit with some minor changes.

While international regulators continue to spar over the right size of a proposed capital surcharge for the largest banks, the U.S. banking agencies are disagreeing among themselves on the issue.

Writing out retirement income plans is a great way for financial advisors to increase client satisfaction, gain more referrals and ultimately increase assets -- yet few of them do it, according to a new study from Fidelity Investments.