Margarida Correia

The Korean-American bank will look to the firm to grow its wealth management program and adviser force.

The bank announced that its retail brokerage arm will move to a level-fee pricing model for customer retirement accounts by April 10.

Tim Sloan acknowledged that there may have been instances in which employee complaints related to the bank's cross-selling practices may have been mishandled.

FINRA claimed the firm failed to adequately supervise the execution and approval of powers of attorneys submitted by non-U.S. customers of J.P. Morgan Private Bank.

The regulator is asking firms to provide details of their cross-selling programs, including incentives offered brokers and other employees.

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.

The adviser claimed PNC falsely accused him of not having met with two clients for their annual review and challenged the firm for writing him up for falsifying documents.

Firms should consider focusing on nuts-and-bolts issues like marketing and suitability of products if they want to avoid being the subject of FINRA disciplinary actions.

Life insurance will become more attractive to sell in the post-fiduciary world because it is one of the few products not encumbered by the regulation.

Reuben Rashty will lead Mirador Family Wealth Advisors. He succeeds Glen Johnson, who will transition to a new leadership role.

The self-paced online curriculum consists of a base course and role-specific courses for both fiduciary and non-fiduciary roles