Stocks Down as Bank Shares Fall
Former Lazard Wealth Management executive Sharon Klein joined Wilmington Trust to build its growing practice in the New York metro area.
A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud.
M&T generated $546 million in wealth management income in 2012, nearly three times the $187 million it produced prior to the acquisition of the trust company powerhouse.
"We’re living into our 80s, 90s and 100s," says Wilmington Trust's Kathryn Karlic. "We’ll have four generations around a single pocket of wealth, with 80-year-old women taking care of their 100-year-old parents."
If you had any thoughts of selling your stocks between now and 2017, doing so within the next month may be strongly advisable from a tax point of view, says Wilmington Trust .
Wilmington Trust and BlackRock Institutional Trust Company are joining hands for a new suite of retirement funds.