Overall sales of annuities though bank holding companies were up slightly at $2.62 billion in 2009, according to the latest
Thanks to its acquisition of Smith Barney from
Michael White, the president of Michael White Associates in Radnor, Pa., doubts annuity sales will be stellar in 2010, as he expects unemployment to remain high. On the plus side, however, for annuity vendors at least, "Baby Boomers took a big hit to their net worth, so more will look for guarantees," White predicts.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
