Bank Channel

The executive will lead PNC’s wealth business beginning in June.

The WiseBanyan platform currently has $153 million in assets under management and 32,000 clients.

The bank recruited a wealth executive from J.P. Morgan Chase to “continue accelerating the unit’s pace of growth,” it said.

The broker also purportedly neglected to disclose an outside real estate business to BBVA, FINRA said.

The Chicago-based community bank is the second bank this year to move its business from Invest Financial.

The new exec fills a position that has been open since its last chief of insurance left the post in October.

Banks have nothing but upside potential in front of them with robos as part of their offering — as long as they act soon and do everything right.

The math works: Banks get a boost to their growth plans, while independent advisors get one more option for their succession planning.

The beleaguered bank is reported to have been ordered by the Justice Department in late 2017 to conduct an independent investigation of the business.

Donald Heberle will leave his post at the end of March, a decision mutually agreed on by both Heberle and bank management.