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Wealth management firms need to be more nimble in meeting the demands of clients in order to best capture a surge in available assets over the course of this decade, Merrill Lynch Wealth Management executive John Thiel told attendees at the SIFMA Private Client Conference in Boston.

Wilmington Trust has tapped industry veteran William T. LaFond to head up its wealth advisory business in the Washington, D.C., and Richmond markets.

The company said in a press release that the role was crated "because of the importance of the Americas businesses in Barclays portfolio and strategy and will better enable Barclays to position its businesses optimally for the changing industry environment."

Krawcheck, who was ousted from her position as president of Bank of America Corp.’s Global Wealth Management group in September, is joining the New York-based company effective immediately.

Legacy expert attorneys Danielle and Andy Mayoras say the legal battle between two feuding CEOs provides yet another example of why it’s so important for advisors to make prudent succession planning decisions as their firms grow and evolve.

On April 17, 2012, Two mutual fund heavyweights yesterday were recognized for their focus on consumer needs, innovation and fiduciary services..

Fund administration service provider Gemini Fund Services, LLC and Cole-boutique law firm Frieman Mallon & Hunt LLP have joined forces to launch Two Roads Shared Trust.

Bank of New York Mellon Corp.'s first-quarter earnings fell 1% from a prior-year period that didn't have a credit loss provision as the trust bank's fee revenue also dipped.

Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.