Margarida Correia

According to statistics released today by the Investment Company Institute, investors pulled $484 million from stock funds over the past week, a reversal from the previous week when investors sent $1.42 billion their way.

BNY Mellon Wealth Management has added company veteran Gregory Simpson to its growing team of advisors to ultra high-net-worth families and family offices.

Union Bank has hired Stephen Sherline as the Los Angeles regional managing director of The Private Bank, part of its wealth management group.

Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.

Almost six in 10 millionaires believe they have an obligation to give back to their communities, unchanged from 2008, when the U.S. economy went into a tailspin, according to a PNC Wealth Management survey.

Investors worldwide pulled $171 billion out of mutual funds in the third quarter of 2011, according to statistics released late Thursday by the Investment Company Institute.

BNY Mellon Wealth Management has added Timothy Barker as a family wealth advisor to its growing team of advisors to ultra high-net-worth families and family offices.

Fifth Third Securities Inc., a subsidiary of Cincinnati-based Fifth Third Bank, has promoted Mike Collins to area investment manager for the bank’s Northern Cincinnati and Western Ohio region.

KeyBank says it plans to retain the financial advisors of the 37 HSBC retail branches in upstate New York that it will acquire in a pending deal.

Bank holding companies earned a record $2.26 billion from the sale of annuities in the first three quarters of 2011, up from $1.84 billion, or 22.6%, from the year-ago period.

BNY Mellon Wealth Management has hired the former treasurer of Illinois, Alexi Giannoulias, to oversee business development for the Chicago wealth management office.

Bank of the West expands its wealth management universe with a new center for high-net-worth clients in the heart of Silicon Valley.

With rising life expectancies and reports of lackluster retirement savings, the risk is a growing concern for many Americans.

Advisors seeking better client communication tools are likely to have their wish come true because wealth management firms are expecting to increase their IT budgets by 5% to 10% this year.

New York Life Retirement Plan Services, a division of New York Life Investments, has launched a new client-satisfaction benchmarking tool for retirement plan advisors.

Fifth Third Securities, Inc., a subsidiary of Cincinnati-based Fifth Third Bank, has hired Gregory Scott Palmer as investment manager for the Greater Chicago area.

Eurozone worries contributed to a modest dip in investor confidence in December, according to a State Street analysis.

Union Bank has promoted bank veteran Terry Negendank to regional managing director of The Private Bank. He will oversee The Private Bank's wealth management endeavors across Northern California, including San Francisco, the East Bay, Marin, Sonoma and Sacramento.

Financial advisors will remember 2011 as “The Year of Volatility” or “The Year of Uncertainty,” according to a survey of 200 financial advisors polled this month by the SEI Advisor Network, an asset management and back-office administration service provider to financial advisors.

Stock mutual funds lost $5.49 billion for the week ended Wednesday, Dec. 14, according to the latest statistics from the Investment Company Institute.