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John Stocchetti is executive vice president and group head with the Federal Home Loan Bank of Chicago's Mortgage Partnership Finance Program.

Despite the recovery of stock values over the past few months, the bank's wealth unit still fell short of last year's earnings.

The organization's highest honor for members recognizes those contributing to "a helping profession" and their local communities, President James Lee said.

The client assets managed by the megabank's wealth management arm climbed by double digits in the second quarter.

Allocations remained steady in one while dropping significantly in the other last year, according to a new study by Advyzon.

For socially-conscious planners, helping high net worth clients grow their wealth can be an alienating experience.