Margarida Correia

The decline was primarily due to the sale of the bank's propriety mutual fund business in the fourth quarter of 2015.

The broker was reprimanded for lying on a customer's behalf.

The rep refused to cooperate with a FINRA investigation into allegations that he stole money from retail bank customers.

The program allows retiring advisors and their junior brokers to work out their own financial arrangements during the first two years of the five-year program.

The rep opened and funded an account with an IRS tax-refund check that was later connected to a fraudulent filing.

CUSO and Infinex plan to not only lower minimums and adjust pricing on advisory accounts but also partner with digital advice providers in a bid to serve a wide range of customers.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

Advisors should address disruptors, rather than ignoring them and risk turning into "disruptees," says Jack Brennan.

Fee business took hits from both the market and digital advice providers that caused banks to lower fees.

Only time will tell if institutions that have been proactive fare best.