Practice management

Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.

As RIAs look to offer more holistic planning, many are partnering with CPA firms to deliver tax expertise without the cost and complexity of building it in-house.

It may seem tempting to make use of advertising that plays up the negative aspects of your competition, or tries to set your organization apart from a less-than-appealing stereotype, but such messaging rarely lands well with consumers.

The Canadian bank laid out its rationale Thursday for opening new branches in California. The objective is to increase density in the Golden State, and subsequently achieve greater market share and higher returns.

The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.

Diligence Capital Management's proposals and board nominations for the beleaguered Eagle Bancorp won't be put before shareholders. But the activist investor isn't giving up the fight.

Diligence Capital Management is pushing the beleaguered bank to add directors with bank turnaround experience. Eagle has been searching for a new CEO after getting battered from losses tied to its commercial real estate portfolio.

A new annual compensation report by consulting firm Succession Resource Group explains how pay plans can boost — or detract from — the value of an RIA.

The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.

Glen Herrick, a veteran bank director, penned a resignation letter criticizing the West Virginia company's executive-compensation policies and what he described as a failure to focus on core profitability.

With an application for a U.S. bank charter, the global super app provider aims to expand its offerings and compete with established domestic challengers.

RIA leaders are debating "digital employees" but expect service models to expand to meet growing HNW needs, says industry observer Ric Edelman.

New data from J.P. Morgan reveals how retirement expectations diverge from reality, and what that means for advisors helping clients navigate life after work.

Charles "Chuck" Parcher will replace Dennis Shaffer as president and CEO of the Sandusky, Ohio-based community bank. Shaffer is set to retire in late August.

With the likes of Amex and JPMorganChase upgrading card perks, BofA is expanding no-fee access to more customers and products and adding incentives.

A new report from Cerulli Associates shows older, affluent investors are far more skeptical of AI use than their younger counterparts. Financial advisors who use AI tools in their practices say transparency is key to setting wary clients at ease.

BMO moved closer to hitting company-wide and U.S. profit targets after reporting increased first-quarter profits.

In tests, generative AI models gave different answers to questions about banks, and those answers changed as users added new prompts.