Practice

Younger members of ultra-wealthy households are grappling with their forebears for a say in wealth planning, and women are concerned about how money affects their relationships.

RBC Wealth Management has expanded its Illinois force with the hiring of a mother-daughter financial advisor team from Merrill Lynch and another female financial advisor from Wells Fargo.

Banks and credit unions looking to increase revenue from investment programs should hire more advisors, according to PrimeVest’s latest research. But existing advisors won’t welcome such a move.

Jeff Wolk, together with registered sales assistant Lillian Marini, has formed the Wolk Group of Raymond James.

The Hartford is expanding its defined contribution platform with a trio of new managers and a slew of funds for retirement plan sponsors and participants.

The tragic apparent suicide of former NFL superstar Junior Seau serves as a reminder to advisors that many of their clients will need more than just investment advice and guidance after they’ve retired.

The company said that the new hires bring the firm’s public finance team to 16, up from 12 individuals at the end of last year.

Planners want to use social media, but many remain overwhelmed about where to start and how to succeed. Industry coach Matthew Halloran offers some simple solutions.

Syntal formally opened on May 4, and includes Chad Clary and Dane Crunk, who had been employed in Merrill Lynch’s Private Banking and Investment Group since 2006. Also joining Syntal with the team from Merrill Lynch are Barry Brauchi, Cressinda Hyatt, Clarissa Kuzmich and Raquel Padilla.

But despite their understandable fear that rising health care costs will erode their retirement savings, more than a third of high-net-worth folks haven’t bothered discussed their well-founded concerns with a financial advisor.