Margarida Correia

Updated to include information about LPL. While the Northeast hunkered down yesterday waiting for Hurricane Sandy, it was pretty much business as usual for bank advisors—or at least for their clients.

Most Americans, 81%, say they plan to give the same or more to charity this year, up nine and 18 percentage points from 2011 and 2010, respectively.

Paul Cummings will serve as regional managing director for the Northeast Region, overseeing asset management and other services in New York and Philadelphia.

Almost seven in 10 mass-affluent couples (69%) discuss their finances at least a few times a month. That’s more than what many spend talking about other topics, such as the election, work, sex, and even their kids.

More than half of the nation’s affluent investors (52%) report that their net worth has grown at least 20% since 2007, and 73% believe they have “a lot of control over their financial future.”

Almost one in two consumers (47%) say they keep the majority of their assets with banks, up from 44% in 2011. Self-directed firms and full-service brokers, in contrast, had only 28% and 15% of the market, respectively.

Even though six in 10 women are concerned they aren’t saving enough to last throughout their retirement, few are taking steps to mitigate this risk.

U.S. Bank hired Joe Weidenbach as Chicago market leader for The Private Client Reserve, the bank’s high-net-worth wealth management business.

Webster Bank has recruited Daniel FitzPatrick from BNY Mellon Wealth Management to lead its recently launched private bank.

Boston-based Eastern Bank has named Michael Tyler chief investment officer of its wealth management division.

Northern Trust promoted Darius Gill to managing director of Foundation & Institutional Advisors, the bank’s advisory group for middle-market non-profit institutions.

Consumers are increasingly going online to research insurance and annuity products, but the Internet is far from displacing insurance professionals from their roles.

For the week ended Oct. 3, investors yanked an estimated $10.6 billion from U.S. stock mutual funds, bringing total outflows for the year to more than $103 billion.

More than one-third of the nation’s largest pension plans and institutional investors believe that traditional investing approaches will not be effective in 10 years.

Chris Martin and Caryn Cosentini joined the team as senior vice presidents and senior private bankers.

Some 25 million people a year are thinking about social security, opening a door to a massive market for advisors, Bill Meyer, founder and CEO of Social Security Solutions, said at the Retirement Income Industry Association conference.

Fewer people are making a clear transition into retirement and the trend is creating unique challenges for advisors.

Global wealth management firms engaged in 65 M&A deals from the beginning of 2011 to the end of the third quarter of 2012. During that time, $635 billion in assets under management changed hands.

BNY Mellon Wealth Management has added three senior portfolio managers and two senior directors for business development to its Southern California team.

Since it was formed last year, Citi Private Bank's North America Asian Clients Group has increased its client base by 10percent and its assets under management by over 40 percent.