Demographics

Main Street Americans may not spend much time fending off solicitations from giant advisory firms but they certainly stroll through shopping malls. In a few upscale centers, they’ll find an America’s Retirement Store, where they’ll be welcome.

About 15% of affluent investors are considering a move within the next month. The most likely landing spot is Vanguard, followed by Fidelity and USAA, according to a new monthly survey by Phoenix Marketing International.

Almost one quarter of Americans (23%) have less than $100 in emergency savings while 46% report having less than $800, according to a new national survey by online lender CashNetUSA.com.

The ASTON/River Road Independent Value Fund is reopening to new investors starting Sept. 4.

As the baby boomer generation closes in on retirement, many are preparing to give a substantial portion of their wealth on charitable causes.

More than a third of investors are less tolerant of risk than they were eight months ago, according to a new TD Ameritrade investor sentiment survey.

Private bank clients are more income-focused. How can advisors help them preserve capital across generations?

Bank of America’s Merrill Edge program has added a new service to help families with special needs children.

Charles Schwab has launched a new video series to help investors curtail impulse spending.

The new Retirement Income Navigator is a three-step process designed to help investors withdraw money from retirement accounts in a more tax-efficient way.

In another move to ramp up its services to affluent and high-net-worth clients, Bank of the West has formed a team dedicated to helping its wealthiest customers with their personal real estate lending needs.

In a push to expand its presence in Washington, D.C, and Richmond, Va., Wilmington Trust has tapped industry veteran William T. LaFond to head up its wealth advisory business in those markets.

More than half of mass affluent Americans (57%) plan to push back their retirement, up from 42% in January 2011.

LPL's New Venture will be structured to support advisors who could run the gamut from college graduates to career changers.

Even not-so-wealthy clients now have a chance to participate in alternative investments, courtesy of a new mutual fund with a minimum investment of $1,000 from Wilmington Trust.

Millionaire as well as mass-affluent households in the U.S. are markedly more optimistic about the economy than they were just two months ago.

The "mass affluent" service of Bank of America has launched "co-browsing" and speech analytics projects to improve the interactive experiences of clients of its 750 financial advisors in call centers and 600 in banking centers.

Banks looking to boost their profits are missing the boat on a big opportunity: marketing investment and insurance products to mass-affluent households.

Bank of America has added a new investment offering to its Merrill Edge program for mass-affluent investors.

Bank of America has added a new investment offering to its Merrill Edge program for mass-affluent investors. The new offering — called Merrill Edge Select Portfolios — provides customers with access to actively managed, diversified portfolios and is aimed at the “middle class and the emerging affluent investor,” the bank said. The minimum investment is $20,000.