News Topic: Wealth management

They will be deployed to the branches and teach veteran brokers how to make use of the firm's new high-tech wealth management tools, the company says. ... Read full article

The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive investment vehicles. ... Read full article

Women with credit scores below 700 feel more stressed about money than any other group, according to a new study. The findings suggest financial firms should cater to them with special advisory products and services. ... Read full article

The company will also acquire three branches in Worcester County, Mass., when it buys the parent of Milford National Bank and Trust. ... Read full article

Royal Bank of Canada, CIBC and Toronto-Dominion have the capital to do deals, but they would rather use it to build out new business lines or expand into new markets than buy other banks. Here’s why. ... Read full article

The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations. ... Read full article

The bank, in conjunction with iCapital Network, is slashing requirements to participate in certain alternative investments that it once offered mainly to institutions or the ultrarich. ... Read full article

The investment bank has asked Rob Rooney, an executive who wore multiple hats at the company, to focus full time on the data-oriented strategy he has devised for its wealth management, capital markets and other functions. ... Read full article

The San Antonio company said that it has scaled back its exposure to energy loans in favor of a greater emphasis on loans of less $10 million. ... Read full article

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate. ... Read full article

Some clients of Wells Fargo's wealth-management division were steered into investments that weren't always in the best interests of clients, according to several people familiar with the unit. ... Read full article

Which industries have the highest prevalence of unwanted sexual conduct in the workplace? Will the #MeToo movement have a lasting impact? Key findings from a SourceMedia survey. ... Read full article

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego. ... Read full article

Berkery, the chairman of UBS Bank USA, will be succeeded by Michael Blum. Berkery, a Merrill Lynch alum, was part of the turnaround team at UBS' wealth management unit, and during her tenure, the lending book at its bank more than doubled in size. ... Read full article

One problem is that banks are shifting to online and mobile channels for delivering advice, which is inferior to in-person communications, according to a recent survey conducted by J.D. Power. ... Read full article

Canadian Imperial Bank of Commerce’s push to be less domestically focused is showing signs of success, thanks to its June takeover of Chicago-based PrivateBank. ... Read full article

A public-private coalition, including Citigroup and disability advocates, is testing financial literacy strategies in New York City that they hope will be used nationwide to improve the financial lives of Americans with disabilities. ... Read full article

Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall. ... Read full article