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Deferred income annuities last year generated about $1 billion in sales and are expected to be the fastest growing annuity product.

As Gen Xers and Gen Yers put their holey jeans and futons behind them, many financial institutions are trying to lure those newly affluent age groups with high-tech services.

John Hancock Financial Network has rebranded under the name Signator Investors, as a sign to advisors of its commitment to grow the advisory side of its business.

National Bank of Canada, the country’s sixth-largest lender, reported quarterly profit that beat analysts’ estimates on gains in earnings from trading and wealth management.

Bloomberg -- Bank of America Corp.’s Merrill Lynch unit agreed to pay $160 million to settle a discrimination lawsuit filed by black financial advisors, a lawyer for the plaintiffs said.

Bank of America Corp.’s Merrill Lynch unit agreed to pay $160 million to settle a discrimination lawsuit filed by black financial advisors, a lawyer for the plaintiffs said.

The Internal Revenue Service has provided summaries and a set of tips to help with compliance for some of the more complex areas of the foreign tax credit law.

Wells Fargo's regional president of Florida operations has been promoted to a national executive.

Many banks are trying to lure newly affluent Gen X and Gen Y clients with high-tech services, but they may have better luck with a more traditional approach, according to new research.

When issues arise, advisors should follow the steps doctors take to diagnose and treat the problem to create a healthy, vibrant business.