Will head up BofA unit's institutional consulting group; wirehouse veteran
With investors moving out of cash, assets reach record levels
Hoping to strengthen its agent force, The Northwestern Mutual Life Insurance Co. has paired with Career Athletes LLC to recruit students as interns and agents
Budget battle is sound and fury signifying very little
The webcast “Estate Planning 2011: The New Rules for Advisers” was held Jan. 18 in New York
While the 2010 Tax Act for now locks in the current marginal tax rates for all income levels, advisers thinking about the future need tools at their disposal now to help sort out a client's future options, especially when it comes to the estate tax.
A New York investment adviser was jailed for engaging in post-arrest activity similar to the conduct that led to civil and criminal allegations against him after he couldn't raise additional bail a U.S. judge required.
Investment bank Jefferies Group Inc. said Thursday that it's selling its broker-dealer clearing and custody business to Pershing LLC, a unit of Bank of New York Mellon Corp.
When clients ask Yale Levey to forecast how the tax code might change next year, his answer is invariably the same: “I have absolutely no idea"
Looking back on a year that has been perhaps the most unusual in her 30 years of counseling wealthy clients in the area of trusts and estates, Gail Cohen, vice chairman and general trust counsel at Fiduciary Trust Company International, has some pointed year-end advice
Ameriprise Financial Inc. is willing to spend nearly $200 million to bail out its beleaguered independent-broker-dealer subsidiary, Securities America Inc., because the spectacle of its collapse would be a huge embarrassment for the financial planning giant and draw the ire of regulators, according to securities industry experts
The Hartford has hired Jackson National Life Insurance Co.'s variably annuity product development chief Steve Kluever.
Steve McGuinness, a nineteen-year veteran at Goldman Sachs, is the latest top exec to bolt from the bank's asset management unit.
Goldman Sachs recently tripled Lloyd Blankfein's base salary. But the Goldman boss says he isn't wild about guaranteed pay, preferring contingent comp instead. You can't blame him. Since, 2000, he's raked in $125M in cash bonuses.
In the next crisis, the roles of Fannie Mae and Freddy Mac will be played by financial services giants
Ralph Lambiase, longtime director of securities for the state of Connecticut, will be retiring on Feb. 28. Mr. Lambiase, who has been a regulator with the state for 33 years, announced his departure earlier this month to his staff.
Veteran insurance agent Paul A. Mattus has filed suit against The Allstate Corp., claiming that the carrier had muscled him out of his book of business in order to pass it on to a newer, younger agent.
Worried about outlasting your savings? Worry no more; N.Y. Life has you covered
The peak of the corporate proxy season is at hand, and advisers should remind their stock-owning clients to vote their proxies
Dynasty Financial Partners LLC has hired Loren Morris as director of RIA services
