Bank channel

Consultant Peter Bielan urged bank wealth execs to incentivize long-term thinking on the part of advisers, not just hitting a monthly goal.

Once the fiduciary rule was explained to customers, many became concerned about previous financial advice, with 29% considering switching to a new institution.

Bank and bank advisers need to improve at the tangibles (financial plans) and intangibles (corporate culture) in the future.

The firm has already standardized its variable annuities and alternative investments and is working toward doing the same for mutual funds as well as indexed and fixed annuities.

The former Wells Fargo executive will command a team of 10 local private bankers in the Hudson Valley and metro New York market.

First Midwest Bank's acquisition of $550M Chicago-based RIA is the latest in a string of deals that banks are cutting with advisory firms to expand their wealth management businesses.

We've reshuffled our top 100 bank advisers to list them by tenure in the industry. Here are the top 20.

The appointment follows a management realignment that occurred in the wake of Huntington's acquisition of FirstMerit last August.

The bank plans to acquire a Cincinnati insurance agency as part of an initiative to increase fee income and boost insurance services.

The bank's current leader of Consumer Banking and Private Wealth Management will move to a new role spearheading initiatives to evaluate further fintech alliances.

Banks and credit unions scramble to adjust their product choices with a significant 40% of those surveyed developing separate menus for retirement and retail accounts.

Which banks are advisers moving to? Several recently jumped to BNY Mellon, U.S. Bank and M&T Bank from myriad financial institutions.

Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.

The executive will set the overall advisory strategy for both CUSO and sister firm Sorrento Pacific as well as RIAs that provide investment and insurance services to financial institutions.

The broker was terminated after a series of unauthorized transactions involving the accounts of customers of both BBVA and its affiliate bank, FINRA claimed.

The bank will add "targeted talent that will play more of an advisory rather than transaction-oriented role," says SunTrust's CFO.

The regulator rebuked the broker for excessive trading that generated more than $666,000 in commissions and fees and resulted in $397,000 in losses.

Intense competition and the advent of the fiduciary rule are prompting financial institutions to consider making select purchases.

We've reshuffled our top 100 bank advisers to list them solely by fee business. Here are the top 25.

"We believe they have made our overall platform more competitive," said a top executive in the LPL division that supports banks and credit unions.