Margarida Correia

The San Francisco-based regional bank says it plans to add as many as 100 people to the team over the next two years.

The bank extended portfolio management and asset allocation services to clients with $50,000 in investable assets. The services were previously only available to trust clients.

Advisors might want to consider brushing up on their foreign language skills if they want to pursue the highly prized millionaire market.

During the week ended June 5, investors yanked an estimated $11.53 billion from virtually all categories of long-term funds, giving them their first weekly outflow this year.

The 12 largest bank broker dealers boosted their revenue by 8% to more than $1.5 billion in 2012, marking the fourth consecutive annual increase.

In 2012, 36% of all participants in Vanguard retirement plans invested their assets in a professionally managed investment option, more than double that did so in 2007.

Defined contribution retirement plans could improve their risk-adjusted returns by broadening their investment options, according to a BNY Mellon report.

Shannon Kennedy, a 26-year veteran of Northern Trust, was appointed to a new post as regional president for Orange and San Diego counties in Southern California.

The appointment marks the unit’s latest move to build out its services beyond traditional wealth management.

The new hires are part of the firm’s aggressive two-year recruiting campaign to increase the sales force by 50% by the end of 2014.

Global investor confidence rose in May, inching up 1.8 points to 94.8 from 93.0 the month before, according to the State Street Investor Confidence Index.

Annuity providers generated $51.7 billion in sales in the first quarter, down 6% from a year earlier.

In 2012, bank holding companies earned a record $122.3 billion from their wealth management programs, up 3.3% from $118.4 billion in 2011.

Bank advisors producing $120,000 in revenue had an average payout of 20% last year; those producing more than $2 million averaged 41%.

Debralee Nelson, a recruit from J.P. Morgan Chase, will drum up business among ultra-high-net-worth clients in the New York Tri-State region.

Yves Cochez will manage the bank’s portfolio management team and set the overall direction of investment management for high-net-worth clients.

Same-sex and divorced couples can be a profitable niche for advisors, if they know how to market.

“If corporate America does not achieve parity in boardrooms as other countries are actively implementing, we will fall further behind,” Eve Ellis warned at the Women Advisors Forum.

Amid intense competition for high-net-worth clients, the Private Client Reserve is ramping up its marketing efforts to differentiate itself from rivals.

The difference shows up in profits margins, return on equity and a variety of other financial measures, according to the research findings, according to Eve Ellis, a financial advisor with the Matterhorn Group at Morgan Stanley Wealth Management. She says companies with significant female representation on boards and in senior leadership positions have stronger financials than those that do not.