Everything listed under: Investment Services

  • More Customers Can Invest Where They Bank Than Ever Before

    The number of banks offering investment services has declined almost every year for the past several years. But the banking industry has been consolidating even faster. As a result, the share of banks offering investment services has increased substantially.According to FDIC Call Report data, 1,656 US retail banks report investment fee income, down 29% since 2007.   Read More...

  • More Members Can Invest with Their CU Than Ever Before

    The number of credit unions offering investment services has remained essentially flat for the past several years. But the credit union industry has been consolidating even faster. As a result, the share of credit unions offering investment services has increased substantially.955 credit unions partner with the 11 largest 3rd party broker dealers, about the same number reported in 2007.   Read More...

  • Think Trump Will Scrap the DoL Rule? Bank Execs Disagree

    In the ten days since Donald J. Trump became the president-elect, we have heard hopeful speculation in boardrooms and in the media that the new administration will throw out the Department of Labor's Fiduciary Rule for qualified retirement accounts, set to go into effect on April 10, saving our industry from adapting to perhaps the largest regulatory change it has ever faced.But the executives who run the investment services businesses in banks and credit unions aren't buying the hype.A ...  Read More...

  • Setting Revenue Expectations for Next Year

    When we convened our semi-annual study group of top bank brokerage executives in Chapel Hill last month, one topic immediately emerged as being a top concern for the group – they expect investment services revenue to decline in 2017, but bank management actually expects revenue to grow.The gap in expectations is enormous. The brokerage executives project their firm's revenue to fall 7% to 20% next year due to the disruptions caused by the implementation of the Department of Labor's...  Read More...