Financial institutions

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.

Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.

The hit smartphone game Pokémon Go taught banks a lesson in mobile strategy this week: gamify it.

Second-quarter profits from wealth management and securities services jumped 56.3% to $100 million from $64 million a year ago.

Second-quarter revenue dipped 9.4% year-over-year, while profits plunged 22.5%.

The number of financial advisers at the firm declines 1% to 15,042.

Two advisers joined Confluence Financial Partners, which is affiliated with Raymond James.

Wealth management firms need to acquire their own robo platforms because digital startups represent a real threat with "a long runway for growth," the analyst says.

A search is underway to replace Mary Mack, who will transition to a different unit.

The two ex-wirehouse advisers each had about 20 years of industry experience.

The largest recruits managed more than $17 billion in client assets.

Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.

BIC took a fresh look at its top program managers and re-ranked them based solely on productivity.

A new partnership between ex-wirehouse advisors and a retirement plan consultant will use "gratitude boards" to focus discussions on important issues in clients' lives.

Market volatility and industry changes have had a chilling effect on advisers' career plans.

The largest teams to go indie this year managed more than $5 billion in client assets.

Two advisers left Lebenthal Wealth Advisors to start their own practice approximately two years after they joined the firm.

The regional firm also says it recruited a junior Merrill adviser overseeing $39 million in client assets.

Regulatory and industry changes are driving some advisers to rethink their business model, writes recruiter Mark Elzweig.

CEO Tidjane Thiam, who joined a year ago, is shrinking the investment bank to free up capital for expanding Credit Suisse's wealth management business, cutting thousands of jobs in the process.