-
Access National's four-year-old wealth management subsidiary has grown rapidly and is poised to enter the black. The allure of fee revenues has drawn many community banks into this field amid weak loan growth and tight interest margins.
June 24 -
For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.
March 17 -
First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.
June 17 -
BancPlus in Ridgeland, Miss., has hired two Morgan Stanley financial advisers to lead its new wealth-management unit.
June 4
KeyCorp in Cleveland has hired a new leader for its wealth-management division that focuses on wealthy families.
The $94 billion-asset company named Gary Poth head of family wealth at Key Private Bank. Poth will report to Terry Jenkins, president of Key Private Bank.
Poth had previously been senior sales leader for Key's Eastern Ohio region, leading teams that worked in investment management, trust and estate planning, financial planning and banking for wealthy customers.
Poth first worked with Key while he was with the consulting firm EY (formerly Ernst & Young) in 1995. Poth joined Key in 2009 as director of strategy and sales for Key Private Bank.