News Feed

Rosemary Berkery, vice chairman of UBS Wealth Management Americas and head of its U.S. bank, shares what she's learned about U.S. retail banking and how it complements banks' wealth-management goals.

Alex Kramer joined the Private Client Reserve to lead a team of 10 advisors as managing director.

The firm promoted two executives to newly created regional posts based in Naples and Miami.

Bloomberg -- A year ago, when opposition from the asset-management industry killed her plan to make money-market mutual funds safer, U.S. Securities and Exchange Commission Chairman Mary Schapiro looked to Timothy Geithner, then the Treasury Secretary, to tackle “one of the pieces of unfinished business from the financial crisis.”

Options have been used in asset management for several decades, but due to current market conditions asset managers' interest has been renewed in this strategy. With bonds in a bear market and an equity market meandering horizontally, these managers are embracing options as a way to generate income while protecting against the downside.

The regulator levied fewer big-ticket fines in the first half of 2013, according to a report from Sutherland Asbill & Brennan.

Amid growing industry debate over compensation disclosure, the FPA has changed the compensation disclosure options on its website.

The strength of America's financial system is a result of the diversity of its players, but that diversity won’t survive if our nation continues down the path of one-size-fits-all regulatory reform.

In the second quarter, fixed annuities experienced highest quarterly sales since 2011, according to data from Morningstar and Beacon Research.

A year ago, when opposition from the asset-management industry killed her plan to make money-market mutual funds safer, sec Chairman Mary Schapiro looked to Timothy Geithner, then the Treasury Secretary, to tackle “one of the pieces of unfinished business from the financial crisis.” It remains unfinished.