Industry

Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

In his new position, Roman will replace Douglas Hodge, who presided over a tumultuous time that included the departure of Bill Gross and a plunge in assets at the firm.

Kirstin Turner, RBC’s only female complex director, seeks to instill pride and comradery at the office, while volunteering in her community.

The asset manager co-founded by Bill Gross has suffered internal turmoil since his departure in 2014.

The executive has added 15 new advisers this year and plans to add 15 more by the end of 2016, bringing the total broker force to 130.

Two firms were fined over $100,000 for not disclosing nearly $5M in loans to clients.

Firms and brokers would contribute to a pool to compensate investors who were defrauded but are unable to collect, according to one recommendation.

The Birmingham, Ala.-based bank generated $103 million in second-quarter revenue from its brokerage, trust and insurance operations, up 6.2% year-over-year.

The recruit joined the elite firm's outsourced CIO team after more than a decade at SEI Investments.

The digital platform added $1.6 billion from the first quarter.