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Green Bank N.A. this week announced that it now has more than $1 billion in total assets, up from $667 million at this point last year.

The global economy is trudging through an austere recovery. Lawmakers in the U.S. have just wrangled an uneasy compromise about the debt ceiling and the equity markets are a constant source of surprise to investors. Sounds like the right time for you to walk away from the practice for a couple of months.

Investors feel they don’t have “personal relationships” with their wealth managers despite the fact that wealth managers consistently brand themselves as being in the “relationship” business, according to a poll released on Tuesday by SEI Global Wealth Service.

Threshold Group this week hired Ronald Albahary as its new chief investment officer. The 20-year investment management veteran will be responsible for providing strategic leadership and team management of the Philadelphia-based private wealth management firm's advisory services group.

There's no doubt the baby boom retirement wave has created a tremendous opportunity for financial advisors. But those with less noble goals also see an opportunity, and they're putting financial advisors squarely in the crosshairs.

The state of Arizona this week signed a five-year contract extension with Nationwide Retirement Solutions to provide deferred compensation plans for more than 26,000 plan participants.

The operator of the New York Stock Exchange reported net income of $154 million, or $0.59 per diluted share, for the second quarter of 2011, compared to net income of $184 million, or $0.70 per diluted share, for the second quarter of 2010.

Despite arguments that retirees should be exposed to equities in order to bring enough growth in their portfolios to last throughout their retirement, Morningstar’s president of the investment management division, Peng Chen, argues in a new article that retirement portfolios must include a conservative bent that includes longevity-insurance products.

Private equity firm Warburg Pincus has acquired a majority stake in The Mutual Fund Store as well as a minority stake in Summit Partners, which invested in The Mutual Fund Store in 2006.

An aggressive push by the Justice Department to investigate fair lending claims is prompting a backlash from bankers who claim the government is abusing its authority and contradicting findings by other federal regulators.