Margarida Correia

A FINRA arbitration panel found that she was wrongly accused of participating in client meetings where an advisor she worked with misrepresented investment products.

Baby boomers will continue to be the nation's wealthiest generation for the next 15 years and remain the largest fee pool for banks and financial services firms, according to new report.

The executive will serve wealthy families in the eastern Florida region, including Jupiter, Palm Beach and Miami, as the bank looks to expand GenSpring, its ultrahigh-net-worth business.

The goal of the new Citi Wharton Global Wealth Institute is to train 300 to 400 advisors a year for the next three years, helping enhance their business acumen and leadership skills.

FINRA moved to banish the broker for failing to cooperate with an investigation into allegations that he borrowed thousands of dollars from a 70-year-old customer without Wells Fargo's prior approval.

The Short Hills, N.J., bank chose Invest Financial for its home office resources, scale and technology.

U.S. Bank, Bank of the West and Bremer Bank have introduced new initiatives that assign the mass-affluent not just an advisor but a banker too – despite intense price competition from robos.

In the wake of the exec's departure, the bank has implemented a new field structure that aims to bring the banking and investment services businesses together.

The rep was expelled for failing to cooperate with a FINRA investigation into allegations that she misappropriated funds from a retail bank customer's account.

Only 42% of advisors have discussed long-term care with more than half of their clients. The reason for their reluctance may be due to clients' focus on saving money for retirement.

Banks are working quietly behind the scenes to determine whether they should take the exemption that will allow them to charge commissions on retirement business.

FINRA slammed the firms for failing to apply sales charge discounts to customers' purchases of unit investment trusts. Seven of the 12 were bank broker-dealers or TPM firms.

The community bank saw Raymond James' financial services and resources as fitting well with its customer-focused strategy.

SunTrust's chief risk officer will lead the Consumer Banking and Private Wealth Management business.

Third-quarter revenue from trust and investment management services declined 8% year-over-year to $87 million. Meanwhile, retail brokerage revenue inched up 1% to $77 million.

The bank generated $464 million in revenue from wealth management, up 3.3% year-over-year. Profits, however, were flat.

J.P. Morgan Private Bank and J.P. Morgan Securities generated $1.4 billion in revenue, down 2% year-over-year. The bank's mass-affluent offering, however, increased revenue and number of clients.

In a bid to attract more mass-affluent clients, the bank is calling on bankers and advisors to work in teams.

The rep was ejected for failing to cooperate with a FINRA investigation into allegations that she stole money from a retail bank customer.

Destitution can strike anyone—rich, poor and in between—even if they have the basics of an estate plan in place.