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Knox has run the private bank since 2018. It is one of two units in Bank of America's private wealth and investment management division, along with Merrill Wealth Management.

Pennington has been with Edward Jones since 2000. She has held such positions as financial advisor; principal, branch and region development and principal, client strategies group before being named managing partner.

In addition to her work as global head of Citigroup's Citi Private Bank, Liu also co-leads the bank's Asian affinity network.

Cohen serves as BlackRock's senior managing director and chief investment officer of ETF and index investments, leading a majority female team.

Meister is guiding the company into the second phase of its transformation. Having honed its approach to ultra high net worth clients, it is now turning to a new segment — high net worth clients.

When it comes to charity, last year wealthy families gave differently — and invested differently.

The SEC also alleges the firm's founder invested clients' money through a fund that employed his wife without disclosing the conflict.

Overall, customers expressed greater satisfaction with their retirement plans' websites and mobile apps this year, but experts say there's still much room for improvement.

Regulators accused the investment technology firm of not disclosing fees that ate into clients' interest payments.

The insurer-backed firm secured its third M&A agreement of the year and fifth in its history for a firm with at least $1 billion in client assets.