Strategic planning

Though revenue growth remains a challenge, Citigroup is still committed to its global wealth management expansion plan, CEO Jane Fraser said Friday. Andy Sieg is joining the bank from Merrill Lynch in September as head of global wealth management.

While Goldman Sachs is still pushing to make its expansion into consumer lending profitable, the bank is also weighing strategic alternatives, CEO David Solomon says. The dueling options reflect the problems that Wall Street giant faces in Main Street banking.

The Columbus, Ohio, bank hopes both to reduce costs and increase revenue by consolidating three segments into a single unit. Huntington is particularly focused on building out its wealth management business.

Robinhood Markets cut almost a quarter of its workforce in a broad reorganization after a punishing first year as a public company.

Preparation is key in a time when events affect investors more quickly than ever before and from every possible direction.

An Edward Jones study found that financial advisors can play a huge role in the well-being of retirees by helping to start the planning process early.

The new moniker Trutoro reflects a Latin word commonly used by advisory brands and an animal that’s synonymous with investment returns.

Nearly half of advisors are optimistic about expanding the services they offer clients in the coming years.

They say a prolonged period of volatility will require more creative solutions to find returns and stave off losses.

The multigenerational practice decided it was time to make the move.