Margarida Correia

The PricewaterhouseCoopers recruit will work with wealth management experts whose clients are looking for an investment bank to lead the sale of their business.

The rep argued that the money she received was not a loan but rather the proceeds from the sale of her tractor to the customer.

First-quarter profits jumped almost 40% on $577 million in revenue.

The rep declined to provide the regulator with documents it needed to investigate allegations that she converted $13,000 for personal use.

While first-quarter revenue from insurance services fell 7.5% year-over-year, the overall wealth management business still managed to come out ahead.

The Buffalo-based institution generated $120 million in first-quarter revenue from trust services, up 8% year-over-year.

First-quarter revenue jumped 9% year-over-year even as the number of advisers fell by 10%.

The Houston-based institution will look to Raymond James to expand its investment offerings to clients throughout Texas and Oklahoma.

The rep was suspended for 15 months and fined $15,000 for engaging in the purported scheme and accepting a $50,000 cash gift from a customer, FINRA claimed.

Wealth management executives command large enterprises at many financial institutions and are getting paid handsomely for it.

The family claims that the holdings in their trusts were overly concentrated in the shares of the once prominent publicly listed company that that went bankrupt in 2015.

Karen Dixon will oversee private wealth management services in Texas.

Tom Scaturro will lead Key Private Bank market teams in Florida and the Hudson Valley/metro New York region.

The two were part of a three-person brokerage team that joined SunTrust Private Wealth Management in Atlanta.

Customers who were eligible for Class A shares in certain mutual funds without a front-end sales charge were either not given the sales charge waiver or sold more expensive Class B or C shares, FINRA claimed.

Firms will be permitted to place a temporary hold on disbursements of funds when there is reasonable belief of financial exploitation.

The regulator suspended the rep for two months and fined him $5,000 for keeping the firm in the dark about his dry-cleaning business.

Tim Killgoar, the director of strategy and consulting, will succeed John Houston.

The bank's retail brokerage operation employs 12 advisers and has approximately $780 million in advisory and brokerage assets.