Updated Sunday, March 1, 2015 as of 2:19 PM ET
5 Smartest Things Heard at Raymond James Symposium for Banks, Credit Unions
Staying relevant amid growing commoditization permeated discussions at the firm's annual symposium, held this year in St. Petersburg, Fla. Here are some of the more notable things we heard.
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The San Diego-based advisor allegedly participated in private securities transactions that resulted in two elderly investors losing more than $340,000. more »
Most banks and credit unions outsource their investment services programs to third-party broker dealers, also known as third-party marketers or TPMs. Here's how the largest TPMs stack up by the number of advisors they employ and/or manage. more »
Most banks and credit unions outsource their investment services programs to third-party broker dealers, also known as third-party marketers or TPMs. Here's how the largest TPMs stack up by revenue. more »
Credit unions generated more revenue from investment sales based on deposits than did banks large enough to own their broker dealer. more »
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%. more »
The broker-dealer was censured and fined for selling unsuitable exchange-traded funds to customers. more »
Only 40 banks have their own brokerage units, a mere 2% of the 1,809 banks that offer investment services. more »
DataPak will enable financial institutions to infuse customer data from their wealth management or brokerage operations into their core systems. more »
The new relationship will allow the Huntsville, Ala.-based credit union to expand its current investment services program. more »
Bank Investment Consultant is compiling its ranking of the best program managers in the bank channel. Be sure to get your nominations in. more »
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