Capital gains changes heightened fund sales and redemptions in June, firm said
Firm’s global wealth management operations set quarterly revenue record
Wealth management firms based in Florida and North Carolina serve ultra-high-net-worth clients
Better market performance was offset by sizable loss on sale of debt instruments
The loan is repayable with interest
Association has made no provision for $2.6 million in ongoing legal claims
Rosy earnings forecasts underpinning stocks face downward revisions
Insurer has been working to shed assets with a low return on equity
Division was a bright spot as annual revenue fell by 2.1%
The plan hopes to position the company as an alternative bank