It's that time of year when you are talking to clients about taxes.
Ameriprise Financial Inc. has cut off outside broker-dealers from selling its RiverSource variable annuity, limiting sales to Ameriprise registered representatives.
A First Republic Bank unit was ordered to pay a retired Stanford University professor and his wife $2.18 million after arbitrators found the firm gave them only a “fleeting and slapdash” explanation of a municipal bond fund that imploded during the credit crisis in 2008.
Bank of America Corp. said Wednesday it has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors.
The world's monetary system is in the process of melting down. We have entered the endgame for the dollar as the dominant reserve currency, but most investors and policy makers are unaware of the implications.
Money flowing into municipal bond mutual funds more than doubled to $420 million in the week ended Oct. 20, according to Lipper FMI, a mutual fund research firm.
Economy, high correlation force fund managers to look beyond fundamentals; 'the world is a riskier place'
Advisers seek out 'pockets of opportunity' for high-net-worth investors; the bonds from Brazil
Municipal-bond issuers, whose default rate slowed this year, may face more failures in 2011 as federal economic-stimulus aid declines and budget pressures jeopardize debt payments, said Richard Lehmann, publisher of Distressed Debt Securities Newsletter.
It's been a busy few months for The Hartford Financial Services Group Inc.
