Wealth management

Just a few days after Bob Oros left Trust Company of America as national sales manager, Fidelity Institutional Wealth Services has confirmed he will start next week as executive vice president of RIA sales and relationship management.

New M&A data from Schwab seems to suggest that the RIA space is not consolidating as fast as some have predicted it would – though the final analysis depends on how you define consolidation.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were either promoted or moved to new institutions to assume roles of greater responsibility from Jan. 11 to Jan. 24 of this year.

Legacy expert attorneys Andy and Danielle Mayoras say it’s not too late to help your clients tackle an issue that should be among their most important resolutions in the New Year: estate planning.

The number and complexity of corporate events persist, even three years after the 2008 financial crisis. Here's a rundown, from Wolters Kluwers Financial Services.

Even as the company sets out on a second round of cost-cutting in Project New BAC, chief executive officer Brian Moynihan said the company considers Merrill Lynch Global Wealth Management one of its core businesses – and will increase efforts to build it up.

Columbus, Ohio-based Beacon Hill Fund Services announced their first customer for its new Advisors Investment Trust product. The product enables multiple unaffiliated registered investment advisors to co-exist in the same registered investment company.

The Seattle-based broker-dealer is winding down. Its legal entity will retain its liability and assets, and D.A. Davidson will not take on its bond inventory.

It’s the end of the week, you’re online and you’re just looking for something to make you laugh for a couple minutes. Well, you’ve come to the right place. Yes, the links have been pilfered straight from YouTube and you may have seen one or two of these before. But at least now they're all in one convenient location and also include links to some relevant news to help justify (sort of) all the guffaws. Without further adieu, here are five videos that should make any financial advisor chuckle.

Bank of America’s Global Wealth and Investment Management business saw its 2011 fourth quarter net income decline 22% compared to the fourth quarter of 2010 as lower transactional activity offset higher net interest income and asset management fees.

New York-based RIA firm HS Management Partners has hired Robert Gebhart as its new senior vice president and senior investment officer.

HSBC Global Asset Management has hired Damion J. Hendrickson as a senior vice president and head of RIA sales.

Exchange-traded funds are like stocks. And mutual funds. Except they're not. Here's a glossary on how ETFs really operate.

Cowen Group said it agreed to acquire Algorithmic Trading Management, a provider of customized code for executing trades electronically.

Legacy expert attorneys Andy and Danielle Mayoras say the billonaire's case serves as a reminder that too many people make the estate planning mistake of relying on verbal or written promises that contradict their will or trust.

Two large RIA firms have launched their own apps in the Apple and Android store, putting them ahead of the field in the race to maintain contact with clients.

The proceeds will be used in areas that Jefferson National anticipates will translate into growth.

Almost six in 10 millionaires believe they have an obligation to give back to their communities, unchanged from 2008, when the U.S. economy went into a tailspin, according to a PNC Wealth Management survey.

In recent years, the federal government has created an AMT “patch” to help exempt millions of Americans from getting caught. But planners should note that lawmakers haven’t moved to create a patch for 2012.

Here’s what Investment Technology Group thinks will happen in the coming year, with modest re-interpretation.