Mutual fund companies are reporting a brisk business in Roth IRA conversions as a result of a change in the tax law, but there is one segment of the public that is decidedly cool to the idea, even though their financial advisers are urging them to take the plunge.
Barclays Wealth has hired Don Milich and Clifford Wang as investment representatives, based in Atlanta, as part of its effort to continue growing its wealth management operations in the U.S.
Although the Roth conversion isn't for everyone, financial advisers must have the conversion conversation with every client who qualifies.
Grantor-retained annuity trusts, one of the most powerful and tax efficient wealth transfer tools, could be a lot less attractive for wealthy investors in the future.
Although many wealthy taxpayers are worried about Washington's plans for tax increases, financial advisers and other tax experts are sounding the alarm bell about state tax hikes.
Prudential Plc's attempt to cut the price of its $35.5 billion takeover of American International Group Inc.'s main Asian unit failed, leaving the biggest purchase in the U.K. insurer's history on the verge of failure.
Brokers who work with retirement plans may soon lose clients to registered investment advisers, thanks to a rule that the Labor Department is expected to approve this summer.
Enrollment in high-deductible health insurance plans linked to health savings accounts continues to surge, with the biggest growth in plans offered by larger employers.
My recent column on the taxation of listed options on SPDR Gold Shares GLD seems to have struck a nerve.
Allianz Life Insurance Company of North America, already a major player in the indexed-annuity arena, is looking to grab a bigger share of the indexed-life-insurance market.
For decades, "The Oaks" was the oceanside playground of the Barrons and the Bancrofts, heirs to the Dow Jones and Wall Street Journal fortunes. Today, the 20,000-square-foot mansion with 45 rooms and surrounding properties went on sale for $55 million.
Bank of New York Mellon Corp. is closing nine of its wealth management branches in Pennsylvania, New York, and New Jersey, the company confirmed today.
Barclays Wealth, the $241 billion wealth management unit of Barclays Bank PLC, has snapped up a team of advisers from Neuberger Berman LLC, the company announced Wednesday.
An insurance industry effort to make summary prospectuses permissible for variable annuities is being received warmly by broker-dealers, despite doubts that the complex products can be described adequately in abbreviated form.
The insurer's sales and deposits rose 8% to a record $15.2 billion last year. The firm also reported record net income of $670 million, compared with a $1 billion net loss in 2008.
The affluent are feeling as confident now about the economy and their investments as they did in December 2007
Despite a deafening silence from advisers on long-term-care planning, most consumers say they want input from a financial professional on LTC
Further complicating matters, the LTC business requires large amounts of capital, which puts added pressure on carriers that issue the policies
