Third party marketers

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.

Bank Investment Consultant is compiling its ranking of the best program managers in the bank channel. Be sure to get your nominations in.

Advisors' attitudes improve for the second month in a row.

“We’re not maniacally focused on how many advisors we have affiliated with the firm,” says Scott Curtis, president of Raymond James Financial Services.

Advisors in the field, or those who cover multiple bank branches, will be able to electronically transport clients’ documents in an easier format.

The U.S. is in the midst of an economic revolution akin to the Industrial Revolution of the late 1700s and early 1800s, says Raymond James strategist.

Cetera will provide the Chambersburg, Pa.-based community bank with investment, insurance and fee-based advisory services and support.

The Tupelo, Miss.-based financial holding company selected Infinex Financial Group to manage its investment services program.

Use these key concepts to make sure you're reaching women.

The Midwestern community bank has plans to increase its program to seven or eight advisors over the next couple of years.

Since the start of the year, Regions has hired 102 financial consultants and is aiming for 125 by year-end. It is looking to build an advisor force of 160 to 170 by the end of 2014.