While bank-owned BDs generate more revenue, credit union BDs report higher net income.
Alaska USA FCU sells off its $5.5B trust subsidiary.
Financial institutions that enlist advisers from their brokerage units to source business for their trust and investment managers enjoy greater growth in assets under management, a new study showed.
The number of credit unions offering investment programs increases, while the number of banks doing the same decreases.
In an attempt to woo top talent, institutions are restructuring compensation packages for in-house financial advisers.
After launching investment services five years ago, the $1.2B Gesa has $44M in assets under management.
Larger firms tend to pay advisers on an annual grid and at slightly lower rate.
That’s one of the findings from a study from research firm Kehrer Saltzman & Associates, which was sponsored by CUNA Brokerage Services Inc.
CUNA Mutual virtual conference attendees hear from CUNA Brokerage Services director in Tuesday session.
Credit union-affiliated households hold one-half of all personal financial assets in the U.S., and the industry has a reputation for being a trusted financial services provider.