Margarida Correia

Martim de Arantes Oliveira will be responsible for driving the growth of Ascent’s new office, which will open this summer.

Doug Heding joined the Private Client Reserve as a private banking officer in Milwaukee; Kenan Aksoz joined as a wealth management consultant in Minneapolis.

In the first quarter of 2013, wealth and investment services generated $7.8 million in revenue, up 7% from a year ago.

Wells Fargo’s wealth, brokerage and retirement business units earned $337 million in the first quarter of 2013, up 14% from last year.

The 2% growth rate of recent years is expected to accelerate to a new cyclical growth rate of 3% or more: BNY Mellon

The programs generated a generous $521.6 million in income for the banks in 2012, the most they have ever produced in the five years that such data has been collected.

During the week ended April 3, investors withdrew an estimated $1.83 billion from U.S. equity funds, the most they have pulled from the funds in a single week this year.

Jonathan Gabriel, the former COO of MDS Bankmart, once the largest third-party marketing firm for banks, has joined Kehrer Saltzman & Associates as a senior associate.

A bout of forgetfulness may be a classic sign of aging, or it could point to more serious health problems, such as Alzheimer’s.

Despite their growing optimism, most small and mid-sized business owners are planning to hold off hiring for the next six months.

Cetera will provide the Fort Wayne, Ind.-based community bank with wealth management services, solutions and support.

During the week ended March 27, investors steered an estimated $9.12 billion into mutual funds, down 26% from the $12.38 billion they poured into the funds a week earlier.

Investors were more positive toward stocks, balanced mutual funds and real estate in the first quarter this year than they were in the previous quarter, according to a John Hancock survey.

The bank hired a new wealth management advisor, trust officer and senior portfolio manager in the Minneapolis office of the Private Client Reserve.

Low-income individuals who use financial advisors reduced the risk of running out of money by up to 12.6 percent, depending on family status and gender.

While most parents (73%) have regular conversations with their kids about money, they tend to shy away from conversations about long-term financial goals.

Four in 10 participants in 401(k) programs who use in-plan advice expect to live as well or better than they did when working, compared to just 29% of all 401(k) participants.

Specific fees are much less important than understanding how the whole system of incentives works.

For the week ended March 20, investors steered an estimated $6.23 billion into taxable bond funds, more the three times the $1.97 billion they put into the funds a week earlier.

More than 90% of North American CFOs say that public policy uncertainty over both government spending cuts and the debt ceiling is having at least some impact on hiring and other company plans.