Despite a recent pact between Switzerland and the United States to share tax evasion information, Swiss franc fixed annuities have been attracting a lot of U.S. dollars of late. Sources estimate that Americans have been putting about $2 billion...

It’s an old story, the brouhaha over auction rate securities. But today’s SEC announcement (it settled with TD Ameritrade over ARS) is another reminder: When your brokerage tells you it has dreamed up a new security for you to sell to...

Seattle: "At a recent social event, I was in a conversation with a couple of people when one asked me the "So, what do you do?" question. I told him, 'I oversee financial affairs for some families in the area.' To which he responded, 'Oh, so you...

Charles Schwab reported that its second quarter profit fell 31 percent, thanks to low interest rates and soft capital markets...

Morgan Keegan & Co., a unit of Regions Financial, Morgan Asset Management and three employees each received a “Wells” notice from the SEC, the company stated in a Form 8-K filed by Regions on July 9.

Last year was not a great one for the mutual fund industry, as investors yanked $226 billion out of stock and bond funds, resulting in the first annual net outflow from long-term mutual funds since 1988, according to data from the Investment...

Tension seems to be increasing between U.S. and Swiss officials who are trying to hammer out a settlement between the U.S. government and Swiss firm, UBS, regarding the names of 52,000 American clients of the firm. UBS retail financial advisors...

After just 7 months on the job, Chris di Bonaventura, head of the Citi Family Office group, handed in his resignation, Smith Barney confirmed. The departing exec is joining Fidelity’s Family Office Service Business.

The Investment Management Consultants Association announced that it has changed the requirements for attaining the designation of Certified Investment Management Analyst, or CIMA...