Bank channel

The hires are part of BNY Mellon’s campaign to increase its nationwide sales force and add private and mortgage bankers and other professionals in top U.S. wealth markets.

Over the past two years, the number of advisors jumped to 60 from 45, an important factor in the unit’s revenue growth.

Bank of America completed the merger of its Merrill Lynch & Co. subsidiary into the parent company to simplify the corporate structure.

Investment advisor James Christy, of Northwest Financial Federal Credit Union, has Washington connections, but he's not seeking business on the Hill. He's got plenty of referrals to build a book in the suburbs.

The wealth manager will provide clients of its affiliate M&T Bank with expanded wealth management and investment services, while developing new business.

Webster Bank is a decidedly local bank but when it comes to its investment and wealth management services, its thinking is distinctly global.

"Our latest report finds that first-half community bank investment program revenues are the best they've been in seven years," said Michael Anderson of Securities America.

In August, the San Francisco-based bank launched a website, offering education, tools and a more robust capability to help the mass-affluent customer with retirement planning.

How do you convince mass-affluent clients to think more globally with their investments?

The time to lean more heavily toward domestic options has passed. Instead, experts are looking across our borders for tomorrow's opportunities.

Most emerging and frontier markets are in dire need of building new and beefing up existing infrastructure of every kind.

As Europe digs its way out of the tumult of an economic meltdown, investors are looking for the silver lining of opportunity and profit.

TECH INNOVATOR

The wealth manager moved its Cleveland office to a larger space that will accommodate more clients and more staff.

With the close of September we've compiled the most popular stories from the month. Check out the top five.

The third quarter was marked by fewer but bigger deals. Higher prices could keep volume in check as sellers hold out for more. The fiscal showdown in Washington and related market swings could also complicate the balance of the year.

Several institutions in one of the nation's hardest-hit banking markets have shed enforcement actions, or have hired new leaders, as they attempt to stage comebacks.

More than three in five (62%) credit union members trust their credit unions, yet only 18% trust the advisor there. The positive view: this is an “incredible opportunity” to improve.

To grow the business, the bank will significantly increase the number of advisors from 25 to some 40 to 45 over the next three to five years.

UBS AG Chief Financial Officer Tom Naratil said the financial industry needs to continue deleveraging as the size of bank assets hasn’t “substantially changed” since the global financial crisis.