Advisers are turning to annuities, using tactical asset allocation and continuing to move to fee-based business models, as they cope with the effects that the sluggish economic climate is having on their practices, according to findings from the latest Financial Professional Outlook from Russell Investments.

The asset management industry felt the ground shift under its feet during the recent financial crisis, but signs of resiliency persist, according to a new benchmarking study by the McKinsey & Co. consulting firm.

Atlantic Trust, a private wealth management firm in Atlanta, has appointed Logan Allin to the newly created post of head of strategy and client experience.

Here's a look at what happens at five federal agencies that support the mortgage industry during a government shutdown.

Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending.

A bill passed by the House would raise the threshold that allows smaller banks and credit unions to avoid expanded Home Mortgage Disclosure Act requirements imposed by a 2015 rule.

The fees banks charge to merchants have skyrocketed because people are making more purchases using their credit cards during the pandemic. Lawmakers can cap these fees before they further eat into retailers' profits.

Careful due diligence is required when picking technology to expedite accounts payable automation, says Kofax's Michelle Trapani.

I look forward to seeing digital currencies brighten up our antiquated banking infrastructure and embrace the global move toward e-commerce. For now, though, I’m not holding my breath, says T1 Payments' Donald Kasdon.