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Most banks and credit unions outsource their investment programs to third-party broker-dealers. Here's how they stack up.
June 28
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Banks are lining up behind Capital One to launch robo platforms even as they gird for an initial hit to their brokerage business.
June 27
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The large Los Angeles institution launched the program mid-April with one adviser and a program manager and is looking to add more advisers soon.
June 16
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Company veteran LeAnn Rummel will step into the role of president of its bank business; Catherine Bonneau will remain as CEO.
June 3
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The New Jersey bank moved its investment services program to Raymond James after a 14-year relationship with Essex Securities.
June 1
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The firm's relatively modest-sized army of advisers is more productive than any of its competitors. In 2015, the average Raymond James adviser produced $387,733, beating Cetera, its closest rival, by more than $56,000.
June 1
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The industrywide gain in fee income is a welcome development given the new fiduciary rule--see how firms are preparing for new regulations as well as new competition.
June 1
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The fiduciary rule flips wealth management on its head, especially in the bank channel. Smaller books will be just one response at Cetera.
June 1
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The adviser's job is about to get harder, and some old dogs are going to have to learn new tricks in order to survive.
June 1
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The large Northwest Pacific institution abandoned its third-party broker-dealer for CUSO Financial Services.
April 28
