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Royal Bank of Canada’s wealth management division reported net income of $213 million for the first quarter ended Jan. 31, up 72% from the $91 million from a year earlier, partly due to higher fee-based client assets and some accounting adjustments.

In the face of the shrinking asset management landscape and soaring distribution costs, not to mention the home-office centralization of brokerage firms’ investment choices, fund companies need highly accomplished national accounts teams, according to a new kasina report, “Excellence in Distribution: National Accounts.”

To attract assets and customers, Bank of America Merrill Lynch has introduced a tool to help employers score how well employees are doing at saving for retirement.

In an effort to attract assets and customers, Bank of America Merrill Lynch has introduced the Financial Wellness Monitor to help employers score how well employees are doing at saving for retirement.

An event Wednesday asked how we can move from turbulence to transformation economically and in terms of gender equity. And the answer seems to be clear: by including women.

The run on advisors from wirehouses is the new reality for Milwaukee-based Baird.

Jeffrey M. Bagley, the newly appointed vice president of portfolio management and a senior research analyst at Haverford, takes a generalist approach that will serve him well in his new post.

Separately, the private bank is bringing on two executives.

According to a survey, a majority of advisors say clients want financial planning advice.

Advisors are thinking outside the box to grow their businesses despite market volatility last year.

The Securities and Exchange Commission is expanding its New York office staff of 360 people by 33, or nearly 9%, in an effort to better regulate hedge funds and brokerages. The SEC will hire 18 additional people in enforcement and 15 in examinations.

A troubling 72% of workers age 60 or older are putting off retirement because they say they don’t have enough funds, according to a survey of 700 people that Harris Interactive conducted on behalf of CareerBuilder.

The Treasury Department released a legislative outline Wednesday offering more details on how it would implement a ban on certain risky activities and cap financial institution size.

Disclosure was hard to miss, but also hard to understand

The original goal of providing uniform protections for all consumer credit is getting lost to lawmakers' preoccupation over where to place a new regulator.

The parent company, Royal Bank of Canada, quarterly earnings rose 35% from a year earlier to $1.45 billion.

The Securities and Exchange Commission is expanding its New York office staff of 360 people by 33, or nearly 9%, in an effort to better regulate hedge funds and brokerages. The SEC will hire 18 additional people in enforcement and 15 in examinations.

Wealthy investors will continue to be careful with their money, Schwab found in a survey of 1,100 independent advisers with more than $252 billion in assets under management, the latest installment in its semi-annual Independent Advisor Outlook Study.

American Beacon Advisors has launched the American Beacon Global Real Estate Fund, which aims to deliver high total return through a combination of current income and capital appreciation and which will be sub-advised by CB Richard Ellis Global Real Estate Securities.

Warburg Pincus will invest $230 million in Primerica, the mutual fund and life insurance sales unit of Citigroup, in return for a 23% stake, filings show.