Margarida Correia

The decline was primarily due to the sale of the bank's propriety mutual fund business in the fourth quarter of 2015.

The broker was reprimanded for lying on a customer's behalf.

The rep refused to cooperate with a FINRA investigation into allegations that he stole money from retail bank customers.

The program allows retiring advisors and their junior brokers to work out their own financial arrangements during the first two years of the five-year program.

The rep opened and funded an account with an IRS tax-refund check that was later connected to a fraudulent filing.

CUSO and Infinex plan to not only lower minimums and adjust pricing on advisory accounts but also partner with digital advice providers in a bid to serve a wide range of customers.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

Advisors should address disruptors, rather than ignoring them and risk turning into "disruptees," says Jack Brennan.

Fee business took hits from both the market and digital advice providers that caused banks to lower fees.

Only time will tell if institutions that have been proactive fare best.

Clients upset they won't be able to file and suspend? Not to fret, there are other claiming strategies that may be even more effective.

Banks are likely to accelerate the shedding of their in-house mutual fund businesses in light of the proposed rule.

The advisor was a compulsive gambler who continued to bet in an attempt to make his clients whole, says attorney.

Industry observers hail the combination, noting that Infinex focuses on small banks while Essex deals with larger institutions.

The rep was reprimanded for allegedly failing to disclose her business involvement with a kitchen-cabinet installation company in Florida.

Clients who file for spousal benefits may also qualify for six months of back benefits, but they have to know to ask, according to our latest installment of Social Security Clinic.

In 2015, FINRA slammed offenders with $46.3 million in sanctions for suitability-related infractions, nearly six times the $7.9 million it imposed in 2014.

Of 358 bank holding companies with wealth management programs, 223 grew their programs from the previous year. Here are the ones that posted the fastest year-over-year growth through the third quarter of 2015.

The Spokane, Wash.-based credit union will look to CUSO to rebuild its investment program and integrate it into its core offerings and services.

The firm has launched a new online tool that it says will help advisors at partner banks and credit unions expand their relationships with clients.