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Variable annuities are on the comeback trail now that the stock market is performing better. ...

New York City will be the cornerstone of U.S. Bank’s east coast wealth management build-up, according to Heidi Steiger, who was appointed Atlantic region president of the bank’s Private Client Reserve unit earlier this month.

Look for more customization and consolidation in the multi-family office business in 2011, say industry executives.

The head of Wells Fargo & Co. is reportedly interested in expanding the firm’s wealth business, possibly through acquisition.

Bank of New York Mellon Wealth Management will open a new office in Dallas early next year, and is also looking to expand in Florida, Southern California and the Washington, D.C. metro markets, according to chief executive Larry Hughes.

The gift that ultra-high-net-worth investors want most this holiday season is one step closer to reality: imminent congressional action on new estate tax rules.