Margarida Correia

Pressure to control costs and concern over anticipated regulatory changes are driving banks and credit unions to consider other advisor compensation options.

Bank customers who have financial plans are twice as likely to purchase insurance and investment products from their institutions, according to a new study.

The advisor and portfolio manager argued that because Barclays failed to live up to its promises he should be relieved of any obligation to repay the signing bonus he received.

The firm fleeced customers of roughly $8.6 million by allowing more than 6,100 unsuitable mutual fund switches to occur over a five-year period, FINRA said.

Anthony Percora, a former SEC attorney, will develop all policies and procedures related to the firm's compliance program.

The fraudster swindled nine Fidelity customers out of more than $1 million over a seven-year period.

Tammy Petersen will be on federal probation for three years and will have to complete 200 hours of community service for embezzling more than $118,000 from Bank of America customer accounts.

David Sawyer will lead a team dedicated to developing and executing strategies to grow BMO's trust business in Delaware.

Thomas Melcher, managing executive of PNC's ultrahigh-net-worth wealth management unit, will assume his new role on Jan. 1, succeeding James Dunigan, who retires next year.

The bank's wealth management group has launched a new offering that caters to owners of small- to medium-sized businesses.

The move has hastened the transition to fee-based business and better positioned wealth management for growth.

The former rep was barred last week for failing to cooperate with a FINRA investigation into allegations that he swiped $65,000 from a bank customer's account.

Jon Dauphiné, a former AARP executive, was named the foundation's executive director. He replaces Jim Peniston, who is retiring after 13 years of service.

The institution employs four advisors who have $112 million in AUM.

The former rep was reprimanded for allegedly recommending municipal unit investment trusts to bank customers without understanding the risks and rewards of the products he touted.

The winners in our ranking are those advisors who are well-rounded. Consistency wins the race in this case.

One of the 10 largest credit unions chooses Raymond James after an 11-year run with another broker-dealer.

Banks now account for 18% of all indexed annuities sold, up from 6% in 2011, according to LIMRA.

The bank projects that fee income from its trust, insurance and brokerage operations will continue to grow in the range of 10% to 12% from 2016 to 2018.

The smooth integration of RIA firm Girard Partners is likely to entice the Souderton, Pa.-based bank to buy other RIAs as it seeks to grow its wealth management business.