Demographics

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.

The ranks of the mass affluent are much bigger in number and in greater need of financial guidance than high-net-worth investors.

Affluent investors looking for market cues to invest more toward their retirement this year are most watching stock market volatility and improvement in the job market, according to preliminary results from a Merrill Lynch semiannual survey.

As an advisor, your ability to engage in clients’ goal-setting conversations may well prove the difference between them staying with you or going elsewhere.

Bank of America Corp.'s relatively new wealth-management unit for mass-affluent consumers is on target to meet growth goals, despite recent shakeups at the company's broader retail bank.

Many mass affluent investors have not seen their financial situations improve in the past year and list not saving more toward their 401(k) plans and children’s college funds as top regrets, according to a new report released by Bank of America.

Even before the events surrounding the U.S. debt ceiling deal and downgrade, affluent investors’ concerns about how long their retirement assets will last was rising, according to a new Bank of America Merrill Lynch survey conducted in June.

Research Affiliates sees high inflation, low growth in the developed world. BlackRock looks for companies with strong cash flow. Gold prices rise.

Northern Trust has hired R. Peter Sanchez to serve as chief executive officer of Northern Trust Hedge Fund Services, upon the closing of Northern Trust’s acquisition of hedge fund administrator Omnium.

While some experts say that clients need to brace for a market without the Fed's help by adding cash to their portfolios, others are worried that the rush for cash is already being overdone.

One-third cites protecting principal as their primary goal.