The state only intends for variable annuity carriers to conform with Regulation 128 as a stop gap measure until the
The Department provides specific calculations for reserves, but carriers are also able to present alternative reserving methods, given adequate explanations. Also, appropriate dynamic hedging can allow insurers to reduce the "haircut" on common stocks from 20% to 10%, subject to approval.
Tax planning is becoming a more popular holistic offering for financial advisors, but tax time can become hectic.
State and local tax burdens vary widely depending on how taxes are structured. A new WalletHub study provides a definitive ranking.
The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.
The investment recommendations from a now-barred broker may ultimately cost the St. Louis-based firm more than $200 million in various penalties and awards.
A UC-Berkeley study found that AI tools may get work done faster, but advisors and other workers are often using it to add to their workloads.
With enhanced ACA subsidies gone, even a small income mistake can cost clients thousands.
