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Asset management firm's acquisition by Ameriprise will likely close within 30 days and lead to departures of fixed-income professionals

An obscure provision in the regulatory reform bill adopted by the House has become a flash point in the fight over whether the legislation should spell out rules for regulators or give them wide flexibility.

The Securities and Exchange Commission has named Kathleen Griffin as the agency's first chief compliance officer in an ongoing effort to strengthen its internal compliance program.

Currencies in China, Brazil, Canada and Australia all offer attractive returns in the coming months, compared to sub-par performance from the euro, British pound and Japanese yen, according to Paul McCulley, a fund manager at Pacific Investment Management Co.

Hartford Financial Services Group Inc. plans to revamp its annuity lineup and target business owners as part of an initiative to develop its wealth management business.

Chances are that some kind of estate tax will be enacted retroactively for this year, but just in case it isn’t, there’s something advisors may be overlooking.

Victory Capital Management, the asset management arm of KeyCorp's KeyBank, says it is positioned to quickly expand the assets it manages in collective investment trusts.

According to a survey, only three out of 10 retirees saved for health care during their working years.

Now that the economy is stabilizing and financial services firms are looking to add employees again, companies are taking the time to focus on diversifying their hiring practices.

With the tax deadline fast approaching, wealth management clients are deciding whether they are going to convert from a traditional Individual Retirement Account to a Roth IRA.

State and local governments will save $12.3 billion on the $90 billion of Build America Bonds issued so far compared with traditional tax-exempt debt, the Treasury Department said in a recent report touting the success of the program.

Mutual fund investors often represent significant shareholder blocks in big Wall Street firms, but they take little interest in elections of board directors or other proxy matters.

As the population ages and the Baby Boomer generation enters retirement, incidents of financial elder abuse are growing more common — and accountants need to be more vigilant than ever in looking after their clients’ interests, according to Randy Werner, a CPA and loss prevention specialist at professional liability insurer CAMICO.

Grady's appointment is the latest effort by Moelis & Co. to expand its financial institutions group

From its inception, a key pitch for legislation to rework the regulatory system has been that it will provide regulators with more tools to prevent another banking crisis. Yet the most highlighted provisions of both the House and Senate bills would give regulators authority they already have, and so far have largely ignored.

Mutual fund investors often represent significant shareholder blocks in big Wall Street firms, but they take little interest in elections of board directors or other proxy matters.

Collective investment trusts are growing in popularity among large companies seeking to provide employees with lower-cost retirement savings options, but some experts worry that these plans don't offer investors enough disclosure.

After taking massive losses in 2008, many on Wall Street expected investors in target-date funds to invest their retirement savings elsewhere.

Walters, who has worked for the Hartford, Conn., company since 2000 and was most recently president and chief operating officer of Hartford Life, will run a business unit that will provide products and services for the retirement savings, income and estate planning needs of consumers and small business owners.

After taking massive losses in 2008, many on Wall Street expected investors in target-date funds to pull out their assets and invest their retirement savings elsewhere. But according to Morningstar Inc., investors have ignored the criticism and made target-date funds the focus of their retirement savings.