Demographics

The bank recently made a series of moves to woo the long-neglected mass-affluent customer.

To help investors cut through the clutter of ETFs on the market, Merrill Edge devised a list of 61 high-quality ETFs from which they can build their own portfolios.

The strength of America's financial system is a result of the diversity of its players, but that diversity won’t survive if our nation continues down the path of one-size-fits-all regulatory reform.

Sometimes it pays to build walls in the wealth management industry—as long as they keep competitors out and clients in.

LPL is shuttering NestWise, the once-hyped unit that was launched just last year to serve less affluent customers, and has laid off 40 NestWise employees.

Many banks are trying to lure newly affluent Gen X and Gen Y clients with high-tech services, but they may have better luck with a more traditional approach, according to new research.

The bank launched new proprietary ETF portfolios that it says provide exposure to global investment opportunities by leveraging the international perspective of its parent, BNP Paribas.

In 2012, the unit generated $25 million in revenue, beating the 133 banks in the region that reported brokerage fee income last year.

Sheryl Garrett says privately held firm or group, such as Vanguard or NAPFA, or a major benefactor, would be ideal match for her low-fee firm.

Advisors have some more competition brewing in the still-nascent online planning world.

Since the start of the year, Regions has hired 102 financial consultants and is aiming for 125 by year-end. It is looking to build an advisor force of 160 to 170 by the end of 2014.

The banks saw increases in year-over-year comparisons on every gauge measured by an industry survey—average bank production increased 9% for the first quarter.

Nearly 70% of Millennials have no retirement plan, according to a new survey.

Investors yanked $28.54 billion from long-term mutual funds were $28.54 billion for the week ended Wednesday, June 26, according to the Investment Company Institute.

Tax-exempt money market funds had outflows of $314.7 million in the week ended June 24, decreasing total net assets to $261.48 billion, according to The Money Fund Report, a service of iMoneyNet.com.

Financial markets are too complicated to navigate without an advisor, say the vast majority of affluent investors.

Summer is an opportunity to soak up the sun, spend time with friends and family, and enjoy the little things in life. But that doesn’t mean you can’t get ahead. Check out 20 books that could give you an edge on the competition.

In order for advisors to stand their ground to direct providers like Fidelity, Schwab and ETrade, they must not lose sight of younger and low to middle market investors, says Bing Waldert, director at Cerulli Associates.

The new offerings bring the total number of Merrill Edge Select Portfolios to 12—the original 10 are primarily focused on total return.

The bank extended portfolio management and asset allocation services to clients with $50,000 in investable assets. The services were previously only available to trust clients.