Margarida Correia

The adviser contended that not a single one of her clients from Schwab transferred their accounts over to J.P. Morgan.

The bank has undertaken a detailed review of its practices, policies and procedures but has not to date uncovered any systemic, cultural or operational areas of concern.

The bank will provide both non-discretionary and discretionary services. The discretionary service will offer three types of investment lineups built for different plan demographic profiles.

Third-quarter revenue from brokerage and trust services fell 8% and 7%, respectively, from the same period last year. Both units, however, boosted assets under management.

Execs see revenue sinking 7% to 20% next year while management is counting on growth of 4% to 6%.

"We don't measure that. We don't set quotas," Richard Davis told analysts while reporting strong revenue and profit numbers for the bank's wealth management businesses.

Even though the bank has great confidence in the processes it built, it nonetheless is "re-reviewing everything it's doing," says the bank's CEO.

The new CIO will direct U.S. Bank Wealth Management's Asset Management Group and lead its investment management business strategy and policies.

Third-quarter revenue from global wealth management surged 10% year-over-year.

New hires and promotions happened at several institutions, including Regions Bank, Fifth Third Bank and First Tech Federal Credit Union. Find out who they are and what their new roles entail.