Margarida Correia

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.

David Mook, a 29-year veteran of JP Morgan Chase, will lead U.S. Bank’s private banking services, focusing on the needs of high-net-worth and ultra-high-net-worth clients and family-owned businesses.

Global investor confidence rose in February, jumping 8.7 points to 94.8 from 86.1 the month before, according to the State Street Investor Confidence Index.

For the week ended Feb. 20, investors steered an estimated $11.29 billion into mutual funds, down 11% from the previous week.

Julie Castle will succeed George Feiger as CEO of Contango Capital Advisors, Zions’ wealth management subsidiary.

Banks earned $5.47 billion in insurance brokerage fee income in the first three quarters of 2012, down 7.1% from the year before.

High-yield, global corporates and emerging markets are among the most attractive areas for fixed income investors in 2013.

U.S. Bank wants to take the business of serving the ultra-wealthy to a higher, “experiential level.”

The average total cost for a small retirement plan declined from 1.47% to 1.46%. For large retirement plans, total plan costs fell to 1.03% from 1.08%.

In 2010, U.S. households headed by seniors older than 75 carried an average of $27,409 in debt, up from $13,665 in 2007.

In 2012, almost seven in ten advisors (69%) operated in a team-oriented structure, up from 61% in 2011.

For the week ended Feb. 13, investors steered a meager $509 million into U.S. stock funds, 37% less than a week earlier.

The most vulnerable groups were singles, households with no pensions, African-Americans and Hispanics.

Frankfort, Ky.-based Commonwealth Credit Union, the largest of the three, has $929 million in assets. L&N Federal CU and Glendale Area Schools Federal CU have $786 million and $324 million in assets, respectively.

Men and women 35 – 64 with income of $150,000 - $249,000 may represent the ripest sales opportunities for advisors, according to poll by Nationwide Financial.

Bruce Stewart will lead the team in Boston and handle all Boston-related investment business.