Margarida Correia

David Mook, a 29-year veteran of JP Morgan Chase, will lead U.S. Bank’s private banking services, focusing on the needs of high-net-worth and ultra-high-net-worth clients and family-owned businesses.

Global investor confidence rose in February, jumping 8.7 points to 94.8 from 86.1 the month before, according to the State Street Investor Confidence Index.

For the week ended Feb. 20, investors steered an estimated $11.29 billion into mutual funds, down 11% from the previous week.

Julie Castle will succeed George Feiger as CEO of Contango Capital Advisors, Zions’ wealth management subsidiary.

Banks earned $5.47 billion in insurance brokerage fee income in the first three quarters of 2012, down 7.1% from the year before.

High-yield, global corporates and emerging markets are among the most attractive areas for fixed income investors in 2013.

U.S. Bank wants to take the business of serving the ultra-wealthy to a higher, “experiential level.”

The average total cost for a small retirement plan declined from 1.47% to 1.46%. For large retirement plans, total plan costs fell to 1.03% from 1.08%.

In 2010, U.S. households headed by seniors older than 75 carried an average of $27,409 in debt, up from $13,665 in 2007.

In 2012, almost seven in ten advisors (69%) operated in a team-oriented structure, up from 61% in 2011.

For the week ended Feb. 13, investors steered a meager $509 million into U.S. stock funds, 37% less than a week earlier.

The most vulnerable groups were singles, households with no pensions, African-Americans and Hispanics.

Frankfort, Ky.-based Commonwealth Credit Union, the largest of the three, has $929 million in assets. L&N Federal CU and Glendale Area Schools Federal CU have $786 million and $324 million in assets, respectively.

Men and women 35 – 64 with income of $150,000 - $249,000 may represent the ripest sales opportunities for advisors, according to poll by Nationwide Financial.

Bruce Stewart will lead the team in Boston and handle all Boston-related investment business.

The new program streamlines reporting for clients and provides them with more concrete action plans to help them achieve their financial goals.

Mary Justice joined the Private Client Reserve as the unit’s greater Seattle market leader from Marsh Inc.

Fewer investors across all age groups are using traditional advisors as their primary advice provider, with the decline most pronounced among investors under 50.

For the week ended Feb. 6, investors steered a meager $683 million into U.S. stock funds, a fraction of the $3.52 billion they poured into the funds a week earlier.

Two thirds of high-net-worth households with $5 million or more in investable assets believe that the country is worse off now than it was in 2007.