News

Nearly one-half of all variable annuity sales are in individual retirement account (IRA) rollovers, according to the National Association of Variable Annuities, Reston, Va.

That familiar adage “think globally, act locally” doesn’t’ apply to the wealthy—at least not anymore. That’s because high-net-worth investors are increasingly thinking and acting globally: seeking international...

If you are one of Merrill Lynch’s best financial consultants and you have been flirting with other brokerages or financial-planning firms, watch out: You could get hit with a Merrill loyalty statement.

Focus Financial Partners, a New York wealth-management roll-up, continued its spectacular growth by adding two more firms to its collection.

Finally, some good news for Morgan Stanley’s retail brokerage. The unit reported strong second-quarter gains Wednesday, including an impressive surge in advisor productivity, which hit an all-time record for the firm.

Merrill Lynch, on the prowl for strategic acquisitions, may look overseas for its next purchase in an effort to bolster its wealth-management business.

While the rest of Wall Street is spinning off money management or figuring out a way to eliminate the perceived conflict of interest inherent in proprietary funds, Morgan Stanley is rolling out more homegrown products. However, instead of mutual...

Speaking at the second annual NYSE Regulation conference in New York, NYSE Group CEO John Thain took on what he called “excessive” regulation as being one of the factors responsible for driving capital-raising activity outside the U.S.

The rise of fiduciary litigation in recent years (combined with ever-increasing attorneys' fees) has prompted some to search for an alternative to a traditional judicial dispute. Arbitration may provide an effective, less costly mechanism for...

The $70 billion tax cut that became law last month is good news for clients who want to open a Roth IRA for the first time