Margarida Correia

Heather Borelli, a former senior associate of Abbot Downing, will provide clients of the bank’s Private Client Reserve unit with integrated investment services.

For the week ended March 13, investors steered a paltry $1.64 billion into bond funds, a whopping 74% drop from the $6.42 billion they poured into the funds a week earlier.

The Pasadena-Calif.-based bank decided to move its program because of Cetera’s technology platform, product menu, reporting capabilities and the training it provides advisors.

Almost half of American workers and 36% of retirees lack confidence that they will have enough money for a comfortable retirement—but few are turning to advisors for help.

Umpqua Private Bank plans to add 20 to 25 private bank advisors over the next five years, a move it anticipates will help grow the business to more than 10 times its current size.

For the week ended March 6, investors steered an estimated $11.85 billion into mutual funds, up 41% from the previous week.

Ty Schlobohm and Mark Ambrose joined as private client advisors, while Mark Broderick joined as a private client consultant.

More than two-thirds of advisors (68%) have no formal succession plan for their businesses and among those who do, the plans are sketchy.

Paul Springmeyer joined the bank’s Private Client Reserve unit as a senior portfolio manager and John Ostrand joined as a trust officer.

More than one in five worry they may not be doing enough to make a difference, with 82% subscribing to the belief that greater wealth brings a greater obligation to be philanthropic.

The New York Hudson Valley thrift seeks to make wealth management an important core business line and not just a tertiary line.

Survey respondents estimate they will need on average about $66,000 in annual income, significantly less than their current average income of $115,000.

More than a third (35%) plan to spend all or part of the refund, while only 16% will save it. Nearly a quarter (22%) will use the refund to pay down debt and 4% will invest their returns.

More than eight in 10 Americans (84%) expect to see their dentist this year for regular cleanings while less than half (43%) plan to meet with their financial advisor to review their investment strategies.

Robert Stevenson, a 14-year veteran of Northern Trust Co., will provide high-net-worth clients with integrated investment services.

For the week ended Feb. 27, investors pulled an estimated $1.13 billion from U.S. stock mutual funds, giving the funds their first weekly outflow this year.

At the end of 2012, investors had a combined average balance of $225,600 in their workplace retirement plans and IRA accounts.

Only 10% of Boomers have discussed the topic with their children and only 6% with their parents. Less than half (45%) have discussed it with their spouses and only 23% with their financial advisors.

Anne Copeland, an executive vice president of the bank’s Wealth Management Group since April 2012, will lead Regions’ efforts to provide banking, trust, and investment management services to affluent and high-net-worth individuals.

The $825 million community bank has selected Infinex Financial Group as its new broker dealer.