The Chase Manhattan Corp. has acquired Morgan Stanley, Dean Witter & Co.'s global custody business with the purchase of Morgan Stanley Trust Co. and Morgan Stanley Bank Luxembourg, S.A. Terms of the deal were not disclosed but the businesses will be integrated into Chase's Global Investor Services unit. The combined entities will hold more than $5 trillion in assets under trust and custody and provide services to 3,000 institutional investors.
As the best-selling memoir "Strangers" shines a spotlight on financial disengagement, advisors share how they pull the less-engaged spouse into the conversation before it's too late.
Morningstar finds that active investment managers beat low-cost passive index trackers only 27% of the time over a 12-month stretch.
Account titling and beneficiary designations could contradict what clients write in their wills, undermining estate planning. Advisors can help keep these current.
Medicare now covers weight-loss drugs as part of an 18-month program to expand access. Here's what advisors need to know about the coverage — and what it can save clients in the long run.
August is National Make a Will Month, but advisors say it's important to urge clients year-round to secure their wishes by keeping wills and estate plans fresh.
Women are projected to receive more than $100 trillion in the so-called great wealth transfer. But their planning needs can differ from men's.
