Margarida Correia

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.

Married Baby Boomers are much more likely to have retirement savings and a retirement goal than their single friends.

Only 11% of households cite referrals as the reason for beginning relationships with advisors, according to Cerulli Associates.

In a survey of 303 finance executives, 57% were more optimistic than last year about the 12-month outlook for their companies’ performance.

Since it launched the program in January 2007, the New Jersey community bank has accumulated $96 million in AUM, and it’s on track to hit $100 million in the next couple of months.

For the fourth week in row, equity funds gained assets. Of the $8.18 billion, $3.52 billion went into funds that invest in U.S. stocks.

A growing number of the nation’s wealthiest individuals are seeking advice on moving their funds and themselves not only across state lines but across national borders as fears grow over the direction of U.S. tax policy.

In 2010, pre-retirees had $6.1 trillion in investable retirement assets. Retirees had $5.9 trillion. By 2020, that’s expected to swell to $10.2 trillion and $11.4 trillion, respectively, according to LIMRA.

Luke Palacio will join Citi Private Bank as managing director and regional market manager for the South East region on March 18. He will look to expand the firm’s presence throughout South Florida beyond Miami, Boca Raton and Palm Beach.

The Naples office of The Private Client Reserve is expanding its services, adding new advisors and relocating to a larger office space in the upscale neighborhood of Mercato.

Nearly half (47%) of adult children say their parents never made any financial mistakes. Meanwhile, their parents were quick to point out their children’s financial missteps.

Less than half of Gen X consumers (46%) selected retirement as their top reason for saving, with vacation and travel the top choice for 38% of this demographic group.

Umpqua Bank, a community bank based in Roseburg, Ore., will expand its private banking business into Seattle and San Francisco, where it believes its “high-touch banking products and investment services” will be a good fit.

In the fourth quarter, fees and commissions from trust services generated $22.0 million, a 23% increase from $17.9 million a year earlier.

Stock funds took in an estimated $6.35 billion in inflows for the week that ended Jan. 23, down 31% from the $9.2 billion they took in a week earlier. Still, the inflow is almost twice as large as a year earlier.

Of the adults who believed their parents set good financial examples, 66% said they had a financial plan and 71% said they felt confident in their financial future.