Revenue from its wealth management group offset a decline in its fixed income and commodities trading unit.
Chammah, 53, was named global head of investment banking in July, while Gorman, 49, runs the global wealth management group.
"The dollars and cents often don't make sense, " says Deana Arnett, a financial planner with Rosenthal Wealth Management Group in Northern Virginia.
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He is CEO of Scott Wealth Management Group, in Irvine, Calif.
With that said, the pharmaceutical sector is still showing some strength lately, says Greg Ghodsi, head of the Wealth Management Group at Raymond James.
Ron Carson is the CEO and founder of the Carson Wealth Management Group, and has been investing and advising clients for over 27 years.
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"Usually, a revocable living trust for someone under 60 is more complexity than is necessary, " says Joan Bozek, a director in Merrill Lynch's private wealth management group.
Greg Ghodsi, head of the 360 Wealth Management Group at Raymond James, cautions investors that they shouldn't pay more in fees and expect a better fund manager.
Smith won over one investor by warning him that the private wealth management group of a European bank was about to bury him in a complete snow job.
When Bryan Hopkins, president of Hopkins Wealth Management Group, noticed all the volatility in the market, he encouraged his clients to harvest their losses multiple times a year.
Greg Ghodsi, the head of the 360 Wealth Management Group at Raymond James, chose An Empire of Wealth: The Epic History of American Economic Power by John Steele Gordon.
Ghodsi, the head of the 360 Wealth Management Group at Raymond James, notes that a clear statement from the firm several weeks ago would have been the right move for the firm.
Both Bill Singer, shareholder at Stark and Stark law firm, and Greg Ghodsi, head of the 360 Wealth Management Group at Raymond James, see Brazil as a hot area for investing next year.
However, Dan Sontag, president of the global wealth management group at Merrill Lynch--now part of Bank of America--said in a press conference that the downturn is slowing and that the affluent are starting to spend yet again.
"It's a big ruling for people who have a lot of money and want to get it to future generations, " says Jere Doyle, senior director of Mellon Financial 's (nyse: MEL - news - people ) Private Wealth Management group.
For investors who have gains they want to offset, Greg Ghodsi, head of the 360 Wealth Management Group at Raymond James, says investors could take their stock that had a loss this year, sell it and then put the proceeds into an exchange-traded fund.
The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management.
Marks Group Wealth Management owns certain of the aforementioned stocks on behalf of their clients.
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Ben Marks is president and chief investment officer of Marks Group Wealth Management, a Minnetonka, Minn.
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To help clients determine that, Richard Del Monte, the founder of wealth-management firm Del Monte Group in Alamo, Calif.
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Mitchell Eichen is founder and CEO of The MDE Group, a wealth management firm with offices in Morristown, N.
Looking at the fund's risk-adjusted performance over several years offers insight on how the fund weathered different market environments, says Denny Baish, a mutual-fund analyst with Fort Pitt Capital Group, a wealth-management firm based in Pittsburgh.
Temenos also entered the wealth management business with the 2010 acquisition of Odyssey Group and plans to expand that platform which already has 160 financial institution customers worldwide.
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Last week, I spoke to a group of trainees in one of the top wealth management programs in the world.
The group included Merrill Lynch, U.S. Trust and the BAC wealth management activities.
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