Updated Saturday, July 12, 2014 as of 1:14 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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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 »
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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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