Margarida Correia

Mary Martuscelli, a 33-year J.P. Morgan Chase veteran, will be responsible for growing and managing all aspects of the wealth management business in Washington, Oregon, California, Arizona, Nevada, Utah and Colorado.

Citi Private Bank has hired foreign exchange trading expert Oscar G. Salem as director and foreign exchange investment specialist. In this newly created position, Salem will oversee the bank's currency business in the Southwest region.

The economics that drove up the costs of traditional pension plans are showing signs of slowing down and that could augur their comeback.

Fidelity Institutional Wealth Services has long provided trust companies and banks with custody services for the mutual funds they offer. Now the firm is expanding those capabilities to become a "full-service custodian" for all bank and trust asset classes, including equity and fixed-income securities and money market funds, Fidelity announced today. …

More than four in 10 investors (41%) view themselves as "very inexperienced" with investing, up from 27% last year.

Northern Trust hired Randall S. Burkert, a 20-year Goldman Sachs veteran, as managing director of development for its wealth management arm.

Almost one quarter of Americans (23%) have less than $100 in emergency savings while 46% report having less than $800, according to a new national survey by online lender CashNetUSA.com.

As PenFed moves investment program back to former third-party marketer CFS, it sets sights on previous AUM mark of $250 million.

For the week ended Sept. 12, investors pulled an estimated $2.75 billion from funds that invest long-term in U.S. stocks, marking the eighth consecutive week of outflows.

Wintrust Financial Corp. plans to acquire HPK Financial Corp., the parent company of Hyde Park Bank and Trust Co.

Michael Mortensen, the former president and CEO of PNC Investments, will oversee Union Bank's brokerage operation and all the registered representatives.

North America led the drop in global confidence, falling 8.7 points to 84.4.

More than 75% feel confident they will have enough money to live comfortably in retirement, even though nearly 40% of Baby Boomers and about two-thirds of Gen Xers have less than $100,000 in retirement savings.

Eighty-three percent employers made 401(k) advice available to plan participants, up from 42% in 2005, according to new data from Charles Schwab.

BOK Financial Corp. has acquired The Milestone Group, a Denver registered investment advisor. The acquisition enhances BOK's presence in Denver and brings its assets under management and administration across all its subsidiaries to nearly $50 billion, the company said in a statement. BOK has maintained a presence in Denver through its local bank brand, Colorado State Bank and Trust, a 100-year-old company. The acquisition will strengthen the Colorado bank's wealth management business. .

For the week ended Aug. 15, investors pulled an estimated $2.67 billion from funds that invest in U.S. stock mutual funds, substantially less than the $3.56 billion withdrawn the week before.

Drew Brahos and Bruce Wetter will advise clients on portfolio management strategies and contribute to the team's investment research.

New tools to help bank advisors are getting top billing at LPL Financial's annual Focus Conference. But a key new hire to help in those efforts may not be announced officially until the three-day conference is over.

Annuity sales in the second quarter of 2012 totaled $57 billion, down 8% from the year-ago quarter, according to LIMRA.

More than three in four advisors expect to continue selling variable annuities and allocate 11% of their assets under management toward these products, according to Cogent Research.