Margarida Correia

Industry veteran Stephen Mullins will be responsible for overseeing the strategic direction of the firm and the portfolio management team.

For the week ended Dec. 12, investors pulled an estimated $6.57 billion from mutual funds, their biggest weekly withdrawal this year.

It has named two industry veterans to key positions within Ascent Private Capital Management, the bank’s wealth advisory business for ultra-high-net-worth clients.

“Many banks are just going through the motions, tweeting about things that are irrelevant to their followers,” Ron Shevlin, an analyst with independent research firm Aite Group, writes in a recent report.

BNY Mellon Wealth Management named Tracy Tuens, a seven-year veteran of Wells Fargo Bank, to a newly created position as senior sales director for the firm’s Family Office and Advisor Solutions group.

Family Wealth Services includes investment, banking, wealth transfer and legacy planning capabilities as well as wealth management strategies that incorporate generational differences, family diversity, and overall family goals and values.

Gen X and Gen Y investors account for one-third of all Americans with more than $100,000 in investable assets, up from 20% in 2010.

While the overwhelming majority of advisors are bullish about 2013, they say their clients aren’t so positive.

Raymond James will be instrumental in helping the program transition to fee-based business from transaction-based business.

For the week ended Dec. 5, investors pulled an estimated $5.84 billion from U.S. funds, bringing total outflows for the year to more than $136 billion.

Al Falco will work with individual clients in the Hartford area and institutional asset managers for middle-market corporations and non-profits.

Nearly half (48%) expect to retire with debt, primarily mortgage payments followed by credit cards, car payments and student loans.

Through a new online tool that ages a consumer’s photo, investors can catch a glimpse of what they’ll look like many years down the road.

Americans 55 and older are far more likely to favor peace of mind over a high-reward/high-risk investment strategy.

For the week ended Nov. 28, investors pulled an estimated $481 million from U.S. equity funds, a fraction of the $7.5 billion withdrawn a week earlier and the smallest weekly outflow since mid-July.

In the first half of 2012, bank and thrift holding companies generated $59.4 billion in wealth management income, down 6.6% from the year before.

The credit union cited CUSO’s technology platform and tools that allow members to manage their investment and insurance needs.

Mark A. Ritter will lead the growth and development of Susquehanna Trust and Investment Company.

For the week ended Nov. 20, investors yanked an estimated $7.51 billion from U.S. stock funds, bringing total outflows to more than $131 billion for the year.

More than seven in 10 advisors believe a deal will be reached that includes both higher marginal tax rates for wealthy Americans as well as curbs on deductions.