Margarida Correia

BNY Mellon Wealth Management has hired financial services veterans Kristopher Carney and Angela Smith Domzal to join its Tri-State wealth management team.

Almost three-quarters (71%) of target-date fund investors say that target-date funds have made them feel more confident they were making good investment decisions, according to a study.

Growth will be selective, so while some countries enjoy good times others will suffer severe recessions.

Investors poured an estimated $13.17 billion into equity, bond and hybrid mutual funds during the week ended Wednesday, Feb. 8, the largest weekly inflow this year.

T. Rowe Price has launched a new web-based retirement-planning tool that it says will help investors envision their lives in retirement.

Advisors who make investment decisions on behalf of their clients in rep-driven managed accounts are very likely to see their business grow, according to projections by Cerulli Associates.

More than six in 10 advisors predicted market gains greater than 5%, a sentiment that has increased from just three weeks ago.

Key Private Bank, the investment, trust and wealth management arm of Cleveland-based KeyCorp, has established Key National Trust Company of Delaware to provide trust services for wealthy clients and prospects seeking asset protection, tax savings and flexibility.

People of different races in the U.S. have more similarities than differences when it comes to how they think about retirement.

Fifth Third Bank continues to build its high-net-worth service offering with two internal promotions.

There are risks to playing it safe by investing in bonds. That’s the overarching conclusion of a seven-year economic and financial market forecast from Wilmington Trust Investment Advisors, the newly named investment advisory and asset management arm of M&T Bank Corporation.

The graying of the workforce is a problem for banks, but an opportunity for bank advisors, young and old, if they think ahead. Enterprising bank advisors planning to retire can buddy up with younger advisors and put them in place as potential successors. Both senior and junior advisors will win from teaming up.

U.S. Bank acquired the units of Union Bank’s institutional trust business that focus on retirement plans, labor management trusts, and registered investment advisors,

Inflows increased 68%, from the $6.9 billion mutual funds posted the week before.

BNY Mellon Wealth Management has named Yolanda Plaza-Charres to a newly created position as sales director for Latin America.

The 10-year outlook for the global stock market is likely to be attractive despite elevated market volatility, below-average growth projections and short-term interest rates around 0% in the U.S. That’s according to the latest research from mutual fund manager Vanguard.

The U.S. retirement market is projected to grow to nearly $22 trillion by 2016. That represents a 38% increase from an estimated $16 trillion mark for the end of 2011, due mostly to continuing market recovery.

Participants in defined contribution retirement plans want direction—and even prompts—from their employers when it comes to saving for retirement. That’s one of the findings from a survey by State Street Global Advisors, the asset management business of State Street Corp.

BNY Mellon has opened its first wealth management office in the Cayman Islands as part of an effort to expand the firm’s global capabilities to serve international clients.

The vast majority of U.S. households — regardless of demographic and financial characteristics — overwhelmingly support preserving the nation’s current tax incentives to encourage retirement savings.