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The two advisors were banished from the industry late last month for allegedly stealing money from customers, joining nine others who have been barred by FINRA so far this year.
The partnership will help the bank expand the financial advisory services available to business owners in the New York metro area.
The trustees of the family claimed that the family matriarch received bad advice from the broker at the firm.
Nicholas Kramer, an ex-Wells Fargo advisor, and Louis James Deeley, a former J.P. Morgan registered rep, were kicked out of the industry for alleged financial wrongdoing.
At the urging of management, advisors and bankers now hold joint annual review meetings with customers in a coordinated quest to secure more of their business.
An ex Wells Fargo rep allegedly improperly obtained almost $100,000 from a bank trust account, while a former First Brokerage America broker forged a notary's seal and signature on customer documents.
While managed account programs are projected to grow significantly, many advisors are not confident in their platform's ability to meet their needs due to the difficulty in integrating data firmwide.
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.
Tricia Denise Willis was expelled from the brokerage industry for allegedly swiping $17,400 from a bank customer.
The move highlights a broader shift in the way large regional banks are running their wealth management businesses.
While Generation Y may seem uninterested in what advisors do, they may be the answer to the shortage of talent in the industry.
Revenue from investment services at the typical bank and credit union increased just 6% in 2014, falling far short of bank management expectations.
Frank Epinger will oversee the firm's downtown Los Angeles, Century City, Newport Beach and Santa Barbara offices.
As their interest income dwindles, banks are looking to bulk up their wealth management businesses in a bid to boost their fee-based revenue.
Steven J. Dunkelberg was barred for allegedly swiping nearly $5,000 from a bank customer's account. He's the third rep to be ousted from the industry this year.
The regulator meted out $135 million in fewer, but bigger, fines last year, the most it's assessed against firms and their registered reps since the financial crisis.
The group has expanded into Seattle, following entries into New York, San Francisco and Los Angeles.
The advisors collectively managed nearly $2 billion in assets.
Staying relevant amid growing commoditization permeated discussions at the firm's annual symposium, held this year. Here are some of the more notable things we heard.
John Houston, managing director of Raymond Jamesí Financial Institutions Division, shares his views.