Margarida Correia

Bond investors holding significant amounts of U.S. treasuries and other high-quality credit should consider diversifying to less interest-rate-sensitive securities.

Nicholas Pollard and Gwendolyn Boykin, formerly of Northern Trust, joined the Private Client Reserve’s office in Palm Beach. And Jack Randall, a 40-year veteran of the wealth management industry, joined the team in Naples.

For every household with more than $250,000 in assets in an advisor’s book, predicted future annual revenue is expected to increase by $1,650.

For the week ended November 14, investors pulled an estimated $6.6 billion from mutual funds that invest long-term in U.S. equities, bringing total outflows for the year to more than $123 billion.

Carmela Elco, an executive of National Penn Bancshares’ retirement advisory business, will join the council next month to help with initiatives in research, public relations, general public education, regulatory positions, and practice management.

BMO Harris Private Banking is sticking to its cautiously optimistic 12-month outlook despite economic turmoil in Europe and anxiety over the much-discussed fiscal cliff.

Alliant launched the investment program in 2009 and said it wanted to take the business to the next level.

The firm promoted Garrett Alton, a managing director of sales for Georgia, to a newly created role overseeing the firm’s sales teams in key Central and Mid-Atlantic U.S. markets.

More than half (55%) of Americans age 53 – 65 say they plan to continue working full-time as long as their health permits, up from 51% last year.

The agreement will help the bank fill the service gap that was left after it sold its brokerage unit, Morgan Keegan, to Raymond James earlier this year.

Financial services companies that cater to advisors have a lot of room for improvement—especially insurance companies.

The bank holding company for the Bank of Oklahoma participated in one of the largest M&A deals in the third quarter, buying The Milestone Group, a wealth management firm with more than $1.3 million in assets under management.

The New York-based technology services company promoted Tim Gokey to chief operating officer and hired Stephen Racioppo, a former executive at Accenture, as its chief revenue officer.

“Last night’s speech showed that he knows that he needs the whole country engaged and to work with him,” BNY Mellon Investment Management CEO Curtis Arledge said of President Obama.

U.S. bank has added two new professionals to its super-wealthy business and hired a former Morgan Stanley Smith Barney officer for its business serving high-net-worth clients.

The firm hit $19.9 billion in AUM in the third quarter of 2012, an 18% jump from $16.8 billion in the third quarter last year. Most of the increase came from new client inflows.

The Pa.-based community bank generated $8 million in revenue from wealth management in the third quarter, up 31.1% from $6.1 million in the same period last year.

But the increase comes from the fact that more banks began reporting for the first time— an apples-to-apples comparison is not so rosy.

Jonathan Blackwood joined as a senior private banker, while David Noosinow joined as senior sales director to help develop business throughout Georgia and in Lexington and Louisville, Ky.

More than eight in 10 (85%) are saving less than 10% of their income for retirement.