Third party marketers

The Iowa locally owned bank moved to Raymond James after a 20-year run with another broker-dealer.

The institution employs four advisors who have $112 million in AUM.

One of the 10 largest credit unions chooses Raymond James after an 11-year run with another broker-dealer.

The Short Hills, N.J., bank chose Invest Financial for its home office resources, scale and technology.

The community bank saw Raymond James' financial services and resources as fitting well with its customer-focused strategy.

First National Bank of Bemidji in Minnesota is looking to add advisors and clients.

The Syracuse, N.Y.-based credit union chose CUSO from among five third-party broker-dealers for its technology, reporting capabilities and specialization in financial institutions.

The nation's seventh largest credit union moved its investment program to CUSO Financial Services drawn in part by its technology systems and accessibility.

The Wayne, N.J.-based bank chose Cetera Financial Institutions because it believed the firm could help the bank expand its service offerings into the mass-affluent market.

The community bank says that LPL's compliance resources and technology were major factors in its decision.

John Lang and Michael Taylor of Morgan Stanley left their firm to launch a new ultrahigh-net-worth wealth management unit at BankPlus.

Advisors at banks and credit unions are younger and more of them are women than those at wirehouses and independent firms, giving them an edge in attracting women and millennials.

Banks and credits unions have only about one-third of the total advisors they need to provide "a really good client experience," says executive at BISA's 2015 annual convention.

The San Diego-based advisor allegedly participated in private securities transactions that resulted in two elderly investors losing more than $340,000.

Credit unions generated more revenue from investment sales based on deposits than did banks large enough to own their broker dealer.

Third-party broker-dealers increased the number of advisors they deploy by 1.5% and upped the number of financial institutions they serve by 2.6%.

The broker-dealer was censured and fined for selling unsuitable exchange-traded funds to customers.

Only 40 banks have their own brokerage units, a mere 2% of the 1,809 banks that offer investment services.

DataPak will enable financial institutions to infuse customer data from their wealth management or brokerage operations into their core systems.

The new relationship will allow the Huntsville, Ala.-based credit union to expand its current investment services program.