Wealth Management industry news covering the financial markets, trends and wealth professionals.
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President Clinton signed the Gramm-Leach-Bliley Act (GLB) into law on November 12, 1999. Beginning shortly thereafter and continuing until the present day, federal banking, and other agencies have been issuing proposed and final rules as required...
Wealth management professionals are increasingly recognizing and utilizing the power of the Internet to improve their practices, so says the recently-released North American Private Banking/Wealth Management Survey, conducted by...
President Clinton signed the Gramm-Leach-Bliley Act (GLB) into law on November 12, 1999. Beginning shortly thereafter and continuing until the present day, federal banking, and other agencies have been issuing proposed and final rules as required...
For the main resources for legal materials that deal with estate planning and administration you might begin with the Web sites of national organizations, such as the American Bar Associations Real Property, Probate and Trust Law Section public...
For full survey results, click here. Since the most recent version of the estate tax was enacted in 1916, trusts and estates attorneys have helped taxpayers and their heirs minimize and even eliminate substantial wealth transfer taxation. Through...
The U.S. Supreme Court yesterday made clear that employees are bound by agreements to arbitrate employment disputes. The case, Circuit City Stores v. Adams, involved a retail clerk who had to sign an arbitration agreement as a condition of...
The number of Morgan Stanley Dean Witter global financial advisers grew 1,036 over the last 12 months to a record 14,108, according to Robert Scott, the firm’s president and Chief Operating Officer. But Scott said during an investor...
The mutual fund industry is grappling with a declining market as well as potential new competitors. Both issues surfaced at the Investment Company Institute’s Mutual Funds and Investment Management Conference, being held this week in Palm...
Salomon Smith Barney has won two separate arbitrations related to its Capital Accumulation Plan. In Mary Elizabeth Whyte vs. SSB, Whyte claimed that the firm "breached their contract, converted funds and engaged in fraud and deceit in connection...
