Cash is king” seems to be the catchphrase in these recessionary times. From a tax standpoint, we want to maximize the receipt of cash for our clients through tax refunds and explore the possibilities of deferring tax payments to preserve cash.
It will take investors two to five years to recover from the losses that they have endured in the past year in their 401(k) plans, one industry expert said.
Advisers are admitting now more than ever before that insurers’ solvency and financial strength are at the forefront in their minds when they recommend products.
Seeking to wrest market share from the asset management industry, life insurance executives will embark on a campaign of simplified consumer communications and stress real-life contexts for the use of their products.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
Securities litigation in the wake of the Bernard Madoff scandal could snag a whole host of investors who might have to give up whatever gains they received over the past six years, according to legal experts.
Retirement accounts have taken a huge hit since the markets tanked, but they were already in trouble because most consumers weren’t saving enough even when times were good, according to one industry leader.
Bernard Madoff began to face the music today.
SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.
