Updated Friday, August 1, 2014 as of 8:24 PM ET
Third-Party Bank Broker-Dealers Boost Advisor Headcount and Revenue
Third-party broker-dealers that support investment services in banks and credit unions gained momentum in 2013 as they picked up both new advisors and new business.
The third-party marketers increased advisor headcount 1.5% to 6,160 and boosted the number of financial institutions they served to 2,640, a 2.6% increase, according to the Kehrer Saltzman Annual TPM Report released Monday.   more »
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DataPak will enable financial institutions to infuse customer data from their wealth management or brokerage operations into their core systems. more »
The new relationship will allow the Huntsville, Ala.-based credit union to expand its current investment services program. more »
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Advisors' attitudes improve for the second month in a row. more »
“We’re not maniacally focused on how many advisors we have affiliated with the firm,” says Scott Curtis, president of Raymond James Financial Services. more »
Advisors in the field, or those who cover multiple bank branches, will be able to electronically transport clients’ documents in an easier format. more »
The U.S. is in the midst of an economic revolution akin to the Industrial Revolution of the late 1700s and early 1800s, says Raymond James strategist. more »
Cetera will provide the Chambersburg, Pa.-based community bank with investment, insurance and fee-based advisory services and support. more »
The Tupelo, Miss.-based financial holding company selected Infinex Financial Group to manage its investment services program. more »
Use these key concepts to make sure you're reaching women. more »
The Midwestern community bank has plans to increase its program to seven or eight advisors over the next couple of years. more »
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