Margarida Correia

Banks and credit unions scramble to adjust their product choices with a significant 40% of those surveyed developing separate menus for retirement and retail accounts.

Which banks are advisers moving to? Several recently jumped to BNY Mellon, U.S. Bank and M&T Bank from myriad financial institutions.

The executive will set the overall advisory strategy for both CUSO and sister firm Sorrento Pacific as well as RIAs that provide investment and insurance services to financial institutions.

The broker was terminated after a series of unauthorized transactions involving the accounts of customers of both BBVA and its affiliate bank, FINRA claimed.

The bank will add "targeted talent that will play more of an advisory rather than transaction-oriented role," says SunTrust's CFO.

The regulator rebuked the broker for excessive trading that generated more than $666,000 in commissions and fees and resulted in $397,000 in losses.

Intense competition and the advent of the fiduciary rule are prompting financial institutions to consider making select purchases.

"We believe they have made our overall platform more competitive," said a top executive in the LPL division that supports banks and credit unions.

FINRA chided the rep for following through on trading instructions received via email from bank employees without confirming the transactions with the customers.

Brokerage revenue is likely to drop for three to five years.

The settlement comes two weeks after Citigroup resolved similar charges with the New York Attorney General's office.

FINRA barred the former J.P. Morgan rep for allegedly using customer debit cards to steal $1,002.

The wealth manager opened a new office in northern Virginia and expects to hire 8 new advisers over the next couple of years.

The regulator reprimanded Citizens’ retail brokerage for not amending reps' Forms U4 and U5 within 30 days of learning of complaints.

The rep purportedly stole $8,700 from an account funded with donations, according to FINRA.

Revenue in 2016 from the retail brokerage business slipped 6% to $281 million from $300 million in 2015.

While fourth-quarter revenue from brokerage services posted a sharp 20% over-over-year decline, the overall wealth management business still managed to come out ahead.

The large community bank will look to LPL to help the investment services business meet the requirements of the fiduciary rule.

11 executives were recently tapped to lead wealth management and related investment services teams at Bank of the West, BNY Mellon, Key Private Bank and U.S. Bank. Find out who they are and what their new roles entail.

Fourth-quarter revenue jumped 19% year-over-year, while profits soared 57%.