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Credit unions generated more revenue from investment sales based on deposits than did banks large enough to own their broker dealer.
Trying to woo Hispanic clients? Talk to them about simple, low- or no-risk investment products.
Shane Hiller, who joined Umpqua a year ago to build the bank's high-net-worth business in San Francisco, rejoined his former employer as director and private banker.
Both were booted from the brokerage industry for misappropriating customer funds.
First-quarter revenue from the programs climbed 4.2% to $142 million from $136.3 million a year earlier, according to Michael White Associates.
The North Charleston-based credit union chose CUSO Financial Services to expand its 18-year-old investment program.
Brendan John Osweiler was barred this week for attempting to swindle an elderly customer, according to FINRA.
The brokerage and insurance units of Compass Bank were ordered to cough up money to compensate an elderly couple for duping them into buying one too many annuities.
Barry Milinovich was expelled for allegedly stealing $10,100 from a bank customer's savings account.
The new "SendMyDocs" app helps clients who live far from their bank or credit union as well as the advisors trying to serve them.
The executive appears to fill a position vacated by a former JP Morgan private banker who left after three months on the job.
Of the three principal wealth management business lines, brokerage services grew the most, with revenue jumping 22.2% year-over-year.
The decline was caused by the loss of revenue the bank incurred from selling RidgeWorth Capital Management, its asset management firm, in the second quarter.
Trust services generated $129.9 million in revenue, up 4% year-over-year, driven by net new business and seasonal tax preparation fees.
The Asset Management Group generated $362 million in second-quarter revenue, up 6% year-over-year, the bank announced Wednesday.
The Honolulu-based credit union chose CUSO Financial Services to help expand its brokerage program.
Investors often make mistakes when buying and selling art. Most novices will first call an auction house, which may not be unbiased about its own program.
Roughly three in four advisors said they were likely to seek out additional support, content or tools related to Social Security in the next year.
David Campanella will lead a team of wealth management professionals serving high-net-worth clients in Cleveland and Columbus.
The revenue increases were concentrated in the smaller bank broker dealers, according to a new survey by Kehrer Saltzman & Associates.