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The bank acquired the A.I. Group, a provider of employee benefits consulting and insurance brokerage services in Georgia.
Banks reeled in $36.4 billion in record first-quarter wealth management revenue, up 4% year-over-year.
Karen Ann Vodden was sanctioned for failing to disclose her role under powers of attorney for her elderly aunt and uncle. The former advisor worked for community institution Blackhawk Bank.
Second-quarter revenue from trust and investment management services plunged 28% year-over-year to $84 million. Meanwhile, retail brokerage revenue rose 5% to $80 million.
Second-quarter profits for the asset management group climbed 17% year-over-year to $62 million on $416 million in revenue.
The bank's wealth management and securities business earned $68 million in second-quarter profit, up 9.7% year-over-year.
J.P. Morgan Private Bank and J.P. Morgan Securities managed a 6% year-over-year increase to its top line, despite a decline in the number of advisors.
A private client banker with J.P. Morgan Chase allegedly took $200 from a customer's wallet; and a personal banker from Wells Fargo Bank allegedly endorsed a check made payable to a client and deposited it into her personal account.
The nation's seventh largest credit union moved its investment program to CUSO Financial Services drawn in part by its technology systems and accessibility.
A FINRA arbitration panel ordered BNP Paribas Securities to compensate the couple for the losses they suffered as a result of an unsuitable security the firm sold them.
The Wayne, N.J.-based bank chose Cetera Financial Institutions because it believed the firm could help the bank expand its service offerings into the mass-affluent market.
Steve Prostano, the former CEO of Silver Bridge Advisors, joined the bank's wealth management group to develop services for the ultra-wealthy.
The sale of the Milwaukee-based unit supports BMO's strategy to focus on the asset management business.
The bank's former head of branch banking and private banking now directs private wealth management, wealth planning, and trust and estate services as well as UnionBanc Investment Services and HighMark Capital Management.
Pablo Sanchez will lead the bank's U.S. retail banking and wealth management business and have oversight responsibility for the same business in Canada. He joined HSBC from J.P. Morgan Chase.
The firm's wealth advisory services group hired a senior regional wealth advisor to work with high-net-worth clients in the New York area.
SunTrust Bank's ultrahigh-net-worth affiliate hires managing director to expand its business in the western United States.
Which TPM firms posted the most fee-based business? Bank Investment Consultant ranks them here in ascending order.
The 150 to 200 basis points that banks charge are likely to drop below 100.
As advisors, women listen better; as clients, they want to be heard. On both counts, the time is now for women in the advisory industry.