Margarida Correia

Rather than expanding the program through referrals from within, the Dallas-based bank is pushing advisors to find new business externally.

Almost half of the broker-dealers and investment advisors who contested actions against them had charges dismissed or sanctions lowered when they took their cases to an SEC administrative law judge or a FINRA hearing panel.

One of the three was a former registered rep with Chase Investment Services who was kicked out of the industry for stealing more than $27,000 from two elderly bank customers.

Mike Quimby will lead a team of more than 30 financial advisors and will help drive growth across the bank’s central region markets in six states.

The promotion is the latest step in the firm’s organizational expansion throughout Florida.

The new platform is an extension of PNC’s Wealth Insight platform, which the bank rolled out to high-net-worth clients in 2011 to wide acclaim.

The bank has added two senior portfolio managers to its investment management team.

Most people nearing retirement expect their advisor to help them maximize their Social Security benefits, with four in five saying they would switch advisors if their current one failed to do so.

The advisor was permanently barred last week for running what appears to be a Ponzi scheme.

Jason Stamm will lead a team of more than 350 investment, trust, private banking and financial planning professionals. He succeeds Mike Ott, who was recently named president of the business nationwide.

The Boston-based subsidiary bank of Spanish global banking giant Santander Group has overhauled the program it took over from Sovereign Bank and is looking ahead to significant growth.

The new unit will offer financial planning utilizing various wrap account strategies.

Two of the three brokers banned were registered with JP Morgan Securities. The other was with HSBC Securities.

Bank holding companies generated $6.22 billion from insurance brokerage in 2013, up barely from $6.20 billion the year before.

Emboldened by a newfound sense of what their investment programs offer, more banks are turning to wirehouses for recruits.

FINRA barred a former bank advisor from the industry for attempting to swindle customers and fined and suspended two others for violating standards of commercial honor.

The advisor appealed FINRA's decision to suspend him for 90 days after the regulator extended the original 10-day suspension. Now, he's appealing his case to the SEC.

In the first quarter of 2014, the wealth management division of Bryn Mawr Trust generated $8.9 in revenue, up 6.7% year-over-year.

Brokerage units carried the day for many bank wealth management businesses as their trust units languished.

Third-party broker-dealers increased the number of advisors they deploy by 1.5% and upped the number of financial institutions they serve by 2.6%.