If clients tap their Roth accounts at the wrong time, even after retirement, they could lose out on some potential tax benefits.

July 10: U.S. Trust’s Scott Reeves has faced skepticism about his firm’s strategy. He welcomes the chance to challenge any misconceptions.

Wealth management executives command large enterprises at many financial institutions and are getting paid handsomely for it.

Young clients are focused on short-term needs rather than building an entire plan toward a retirement date.

The business, which includes Merrill Lynch, said profits were up 1.8% year-over-year, but down 9% from the previous quarter.

Banks are slowly migrating budgeting capabilities to mobile offerings.

Many would argue the retirement fund is archaic, inelegant and user-unfriendly. Is it time for something new?

The new leadership approach differs from almost all of the bank's biggest competitors.

Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.

Keith Banks, president of U.S. Trust, is getting new responsibilities at the firm.