Bank channel

One bank executive says "the beauty of the digital wealth management platform is that it can be offered at a very low cost."

The program allows retiring advisors and their junior brokers to work out their own financial arrangements during the first two years of the five-year program.

The advisor often feels as if the bank's viewpoint is this: “Thanks for bringing us a revenue stream, now leave and be thankful we even gave you a job.”

The rep opened and funded an account with an IRS tax-refund check that was later connected to a fraudulent filing.

Bakhshi, who takes over as CEO in June, brings with her a track record of innovation and a reputation for getting the most out of her teams.

A well-known Wall Street firm is urging Citigroup to split itself in two for the benefit of investors, adding to the chorus of calls for the biggest banks to be broken up. How much of a difference will it make?

Here are the best quotes we heard and the most interesting statistics we saw at the annual Bank Insurance & Securities Association conference.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

Two strategies for program growth -- increasing headcount vs. making the current staff better-- were on full display at the BISA conference.

High-net-worth and mass-affluent customers have reasons for preferring banks for wealth management, but banks are missing out on both segments.

Advisors should address disruptors, rather than ignoring them and risk turning into "disruptees," says Jack Brennan.

There is seemingly endless research on the attitudes of millennials toward banks, but the major takeaway from all of it is that banks can't expect millennials to want to bank only one way.

Fee business took hits from both the market and digital advice providers that caused banks to lower fees.

Only time will tell if institutions that have been proactive fare best.

Banks are likely to accelerate the shedding of their in-house mutual fund businesses in light of the proposed rule.

The advisor was a compulsive gambler who continued to bet in an attempt to make his clients whole, says attorney.

These advisors from our BIC Top 50 notched the highest ROAs.

These advisers from our BIC Top 50 notched the highest ROAs.

Banks need to rethink their purpose to serve its younger customers, many of whom are inundated with choices. Banks have a tremendous opportunity to win these overbanked customers if they can figure out a way to become the financial hub.

Advisors' biggest concern is that converting to a fee-based model will lead to a drop in income. But it doesn't have to be that way.