New York City will be the cornerstone of U.S. Bank’s east coast wealth management build-up, according to Heidi Steiger, who was appointed Atlantic region president of the bank’s Private Client Reserve unit earlier this month.

Dallas: “Since it’s probably too late to plan a year-end team retreat, what would you suggest as an alternative?” asked Cliff, during a break at a team leader workshop I was conducting. What prompted the question was an annual team retreat sample...

Mike Ross, a portfolio manager at Morgan Stanley Smith Barney who oversees $500 million with a partner, now has a new role: wirehouse blogger. In recent weeks, Ross has been writing short items on Advisor Insight, MSSB’s new in-house web...

Look for more customization and consolidation in the multi-family office business in 2011, say industry executives.

This time of year, Charles Zhang, an independent advisor with Zhang Financial, is typically bombarded with holiday gifts from mutual fund wholesalers. But that’s not the case this season. According to Zhang, the Christmas gifts as well as...

According to Wealth-X’s state-by-state analysis of individuals with a net worth of more than $30 million, California far outpaces the rest, with over 9,800 ultra-high-net worth residents, compared with 7,327 for New York and 5, 283 for...

Mass industry consolidation has left a large number of wirehouse BOMs without a seat in an ongoing game of musical chairs. But as the independent broker/dealer (IBD) and RIA channels grow, they are creating a viable market for those displaced...

The head of Wells Fargo & Co. is reportedly interested in expanding the firm’s wealth business, possibly through acquisition.

While most clients say they are ready and willing to provide a referral for their financial advisors, a lot of them are not actually following through on it, according to a recent report released by Advisor Impact, Charles Schwab Advisor Services...

Bank of New York Mellon Wealth Management will open a new office in Dallas early next year, and is also looking to expand in Florida, Southern California and the Washington, D.C. metro markets, according to chief executive Larry Hughes.