Birmingham, Alabama-based Regions Bank has contracted PrimeVest Financial Services to provide investment and financial advisory services to customers in the 16 states in which it does business, the bank announced today. The agreement with PrimeVest will help the bank fill the service gap that was left after it sold its brokerage unit, Morgan Keegan, to Raymond James earlier this year.
Through the agreement, Regions Bank customers will have access to a full range of financial advisory services provided by licensed financial consultants based in Regions Bank branches. The services include managed accounts, mutual funds, annuities, insurance, and financial and retirement planning tools, the bank said.
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