In our November "Fear & Loathing in Retirement Land" package, we noted how difficult it was for financial planners to create retirement plans for clients with iffy DB plans. What to do about it. Go to VonAldo.com.

In 2001 and 2002, insurance companies began introducing the guaranteed withdrawal benefit, giving VA owners a guaranteed income stream. The current bear market is forcing insurance companies to cut benefits and to increase costs.

The United States’ ongoing hunt for tax cheats will be putting a crimp in some clients’ quarterly portfolio reviews. UBS financial advisors who have clients outside of the country where they do business have been instructed to stay put...

Just over six months after he was named the new leader of Citi Global Wealth Management, Michael Corbat is bouncing to another post. Today, the firm named Corbat CEO of Citi Holdings.

Wall Street types might be wise to eat their own cooking. For more, go to VonAldo.com, the new blog by David A. Geracioti, Registered Rep. editor-in-chief.

In today’s Investor’s Business Daily, there is a wonderful quotation from a bank CEO that, I think, neatly sums up the problem caused by an activist government. Please go to VonAldo.com for more.

AIG announced its plan to sell its independent broker/dealers back around October 2008. Six months later, nothing has changed—except that reps we spoke to are even more frustrated. Some say they are ready to bolt...

Bank of America was the number one bank brokerage again in 2008, according to the Bank Insurance Market Research Group (BIMRG). BofA brokerage posted $1,792.9 million in “investment income” in 2008—way ahead of the second-largest...

You know times are tough when recruiting deals are dropping across the board at major b/ds. Sometimes that trailing 12-month bonus is more like trailing three.

FINRA recently awarded $100,000 to baseball broadcaster Tim McCarver related to his losses on Morgan Keegan mutual funds. McCarver invested $400,000 in four closed-end mutual funds and one open-end fund. The funds suffered from the meltdown in...