Margarida Correia

The newly named exec is responsible for relationship management and business development for personal trust, investment management, and private banking in the New York area, Northern New Jersey and Boston.

Two former brokers with U.S. Bancorp Investments and HSBC Securities were banned from the industry for trying to cheat their customers.

The number of credit unions offering investment services rose for the first time in five years, jumping 3% to 860 in 2013.

Almost three in four affluent millennials have assets in online brokerage accounts, while only 67% have assets in a defined contribution plan.

The decline was partly due to weather-related events that lowered customer activity across the board, the bank’s CFO said during an earnings call.

Longer lifespans mean a big shift in planning -- particularly for female clients.

The broker-dealer was censured and fined for selling unsuitable exchange-traded funds to customers.

Brokerage income at M&T Bank rose in the first quarter, escaping the bad weather impact that seems to have hammered the bank’s other fee-based business lines.

The new director fills the last of three critical positions in the build-out of the Waterbury, Conn.-based private bank.

E.J. Burke, one of the two new co-presidents of the Community Bank, will be responsible for Key Private Bank as well as Key’s commercial and business banking segments.

In 2013, fees and commissions from annuity sales produced $3.43 billion in revenue, up 9% from 2012, according to the Michael White Bank Annuity Fee Income Report.

The advisor was suspended for downloading reams of confidential, nonpublic information for more than 2,000 customers of a credit union where he had previously been employed.

Only 40 banks have their own brokerage units, a mere 2% of the 1,809 banks that offer investment services.

A former executive of Weymouth Bank’s brokerage division and a former representative of M&T Bank Securities were barred from the industry for serious misconduct.

Over the next 12 - 18 months, the bank will introduce the U.S. version of the ultra-high-net wealth management program that its parent, BNP Paribas, rolled out in Europe and Asia.

FINRA found that LPL didn’t have a reasonable system in place to determine whether purchases of alternatives would cause a customer’s account to be unsuitably concentrated.

In 2013, the programs produced $568.3 million in income, up 8.9% from the previous year and the most they’ve ever produced in the roughly seven years that the data has been available.

Having a long-term horizon for the sale of a business puts the owner in a better position to optimize tax strategies. It's also an opportunity for advisors angling for the investment business a sale will produce.

Retiree optimism is an encouraging improvement and most likely correlates to a stronger stock market and the prospect of higher interest rates in the future, says Wells Fargo executive.

The bank's Private Client Reserve unit hired new wealth management professionals in Washington State, Denver, Kansas City and Naples, Fla.