Margarida Correia

The stock fund exit stampede continued last week, but at a slower pace. Investors withdrew $3.56 billion the week ended Aug. 8, down significantly from $5.65 billion the previous week.

Norman Greenidge will be responsible for meeting the wealth management needs of professional athletes through Northern Trust's core services of financial planning, investment management, trust and estate planning and private banking.

Susan Pickering will lead a team of relationship managers for high-net-worth clients and retirement plan services for institutions.

Seventy-five percent of variable annuity buyers, 86% of indexed annuity buyers and 86% of traditional fixed annuity buyers reported being satisfied with their annuities.

Since the beginning of the year, U.S. stock funds have lost more than $64 billion in outflows.

Nearly six in 10 business owners (59%) expect to be in a good financial position over the next 12 months, down from 66% who said so in second quarter.

Portfolio managers from Huntington Asset Advisors' US Equity Rotation Strategy ETF discuss their top picks in IT and health care.

Advisors contributed to the growth in Fidelity's defined contribution sales commitments during the first half of 2012, bringing in more than 450 new clients with close to 100,000 participants and $2.6 billion in assets under administration.

The online tool analyzes program data against industry averages and best practices drawn from more than 2,800 financial institutions.

Investors steered an estimated $17.1 billion into exchange-traded funds and notes in July, bringing their total investment in the products to $93 billion for the year.

For the week ended July 25, investors pulled an estimated $2.13 billion from U.S. stock funds, reversing the previous week's $95 million inflow, their first inflow since late May, according to the Investment Company Institute.

Income disparities over the past 30 years have translated into a 25% to 30% retirement savings shortfall for women, according to the Insured Retirement Institute.

Volatility targeting investment strategies have gained traction in recent years, but investors should be cautious about employing them, BNY Mellon argues in a new report.

Gailyn Johnson, a 23-year veteran of Wells Fargo, will lead technology, operations, and corporate shared services, working with all wealth management business lines.

Wealth management services brought in $7.2 million in revenue in the second quarter, up 42.1% from the $5.1 million generated in the year-ago quarter. The boost was driven primarily by the bank's acquisition of Davidson Trust in May.

Timothy P. Mertz joined Northern Trust as a senior private banker and relationship manager and will lead a three-person banking team.

Just 1% of the plan participants surveyed stopped contributing to their DC plan accounts, unchanged from the year-ago quarter.

The trio brings the total staff to 19, up from 12 a year ago when the firm purchased the asset management business of Chicago-based Talon Asset Management.

Huntington’s second venture into the ETF market will be actively managed and use a sector-rotation strategy.

BNY Mellon has hired a former Northern Trust wealth strategist to be senior director in the firm’s Naples, Fla., office, in response to growing business in the region.