U.S. Trust

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  BofA Profit Off 63% as Wealth Unit Doubles Its Earnings

  By Janet Levaux, AdvisorOne  |  January 17, 2013

  The wealth unit of Bank of America sees its net margins top 20%, as its advisor headcount dips slightly.

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  U.S. Trust Wealth Offering Focuses on the Young and the Aging

  By Michael S. Fischer  |  January 17, 2013

  U.S. Trust's new Family Wealth Services offerings address top concerns of HNW families: preparing the next generation for their wealth and caring for aging family members.

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  New Hire Roundup: Beale, Kayajanian Join Security Benefit; DOL Picks New ERISA Council Members

  By Marlene Y. Satter, AdvisorOne  |  December 18, 2012

  This week in new hires, Security Benefit welcomed George Beale and Jeffrey Kayajanian, CapWealth named Phoebe Venable president and COO, and the DOL named five new ERISA Advisory Council members.

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  New Hire Roundup: New National Segment Leaders at Mercer Hammond

  By Marlene Y. Satter, AdvisorOne  |  October 10, 2012

  This week in new hires, Mercer Hammond named three new national segment leaders, National Advisors Trust brought in Joseph Morsman, and BKD Wealth Advisors announced internal promotions.

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  New Hire Roundup: TD Ameritrade Institutional Adds Dario

  By Marlene Y. Satter, AdvisorOne  |  September 5, 2012

  Also this week in new hires, Joseph Nader joined Wescott Financial Advisory Group; Will Proctor went to a new spot at Neuberger Berman; and more.

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  Striking Generational Differences Found in Wealth Management: U.S. Trust Survey

  By Michael S. Fischer  |  June 19, 2012

  The survey found the youngest generation pragmatic, proactive and disciplined in their approach to investing and wealth management, surpassing Baby Boomers in planning for wealth for themselves and their families.

• Most Earnings Top Estimates on Mixed Advisor-Headcount News

  By Janet Levaux, AdvisorOne  |  November 23, 2011

  Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...

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  Barclays Adds 6 Advisors, 2 From BofA

  By Janet Levaux, AdvisorOne  |  October 28, 2011

  Barclays Wealth said Friday that it recently hired six advisors, including one from Merrill Lynch and one from BofA-U.S. Trust in New York, Boston, Dallas and Miami.

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  Q3 Earnings: BofA Tops Estimates as Merrill Boosts Advisor Count

  By Janet Levaux, AdvisorOne  |  October 18, 2011

  Net inflows of client assets were nearly $2 billion in the third quarter for the wealth-management unit vs. outflows of about $2.5 billion last year.

• Krawcheck Out in BofA Reorg

  By Janet Levaux, AdvisorOne  |  September 29, 2011

  Bank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.