Unity Bank, a subsidiary of Unity Bancorp, has opened a new division that will offer a wide range of investment products and services aimed at helping customers to grow and preserve wealth.
Executives today dont want a higher position so much as a broader position," says Kathy Freeman. "They want to be stretched and challenged, and they want an opportunity to grow."
AdvisorGroup announced Monday that Rick Fergesen has been named as president and CEO of one of its four independent broker-dealers.
Firms devote too few resources to training and are too impatient with new advisors.
Executives at Webster Financial, Independent Bank and People's United agree that their retail operations have to change -- but the consensus stops there. Some are adding branches, some are cutting them, and they are all using new technologies in different ways.
That makes for two big recruits in two days. A day after announcing the addition of a $1 million team from Wells Fargo, the firm has landed a second million-dollar team.
Pimco's Mohamed El-Erian clashed with co-founder Bill Gross before announcing last month that he's leaving the firm, the Wall Street Journal reported.
Fidelity Investments, the mutual- fund firm best known for its star stock pickers since it was started almost seven decades ago, named former bond manager Charles Morrison to run its asset-management unit.
U.S. Bank hires senior executive away from PNC to help lead its Private Client Reserve unit in Florida.
Cambridge's Amy Webber says promotion is next step in complex internal succession plan.
Three of the new hires joined the firm's family office services group.
The BAM Alliance, a community of more than 140 independent wealth management firms across the U.S., has added nationally-known financial author and blogger Tim Mauer as its director of personal finance.
American College of Financial Services taps a Wells Fargo Advisors executive as chairwoman of its board of trustees.
The path from administrative assistant to bank advisor is just part of Annette Martins story. Here, we offer more on her shift to fee business, including when not to do it.
Seeing people come up short with the money needed for a retirement home was sad for one administrative assistant. In her new career she helps such people and produces more than $1 million a year doing it.
With FINRA likely to impose some kind of compensation disclosure rule this year, advisors need to think about how best to explain how they get paid to their clients.
Pimco named four deputy chief investment officers in an overhaul of its leadership team after Mohamed El-Erian's decision last week to step down as chief executive officer.
A UBS team of advisors with a billion dollars under management has left the Swiss bank to form IFM Capital Advisors, an independent registered investment advisor, with the aid of Focus Financial Partners.
Raymond James & Associates' branch manager of the year has grown his complex's annual revenue to $32 million from $4 million and boosted client assets to $5 billion.
UBS has added a team of six former Morgan Stanley advisors to its office in Atlanta.
Pimco's Bill Gross said the firm plans to appoint more investment deputies in the coming weeks after the departure of Mohamed El-Erian.
The firm is expanding its operations, pulling talent from RBC Wealth Management and Wells Fargo Advisors.
Fidelity Investments said Ronald P. O'Hanley, the firm's head of asset management since 2010, will leave at the end of February, without giving a reason.
Mohamed El-Erian, widely viewed as the successor to Pimco's Bill Gross, resigned after six years as the firm struggles to stem record redemptions from the world's largest bond fund.
Dynasty Financial Partners has hired Ronald Sallet as senior vice president of network development, making good on its promise to boost business development in 2014.
Mohamed El-Erian resigned as head of bond-fund manager Pimco and will be replaced by Douglas Hodge.
Beirne Wealth Consulting, one of the nation's fastest growing fee-only RIA firms, has picked up a team of financial advisors from Morgan Stanley.
The Foundation for Financial Planning has named four new members to its board of trustees.
Edelman Financial Group announced Thursday that Tiburon Strategic Advisors managing partner Charles "Chip" Roame has been added to its board of directors.
The firm hired sales directors and other professionals in Chicago, Las Vegas, Boston and Madison, N.J., and opened an office in San Diego.
An advisory group in Winter Park, Fla. with $550 million in client assets leaves Morgan Stanley to go independent.
Want to be a divorce financial planner? Here are the top tips to help you be successful.
The new hires are part of the wealth manager's campaign to increase its sales force by 50% and add private and mortgage bankers in key wealth markets by the end of 2014.
Citigroup Inc., the third-largest U.S. lender, said Deepak Sharma will retire as chairman of its private bank after 38 years with the firm.
Raymond James' Global Private Client Group CEO Chet Helck is retiring after a 25-year career with the firm.
In this newly created role, Philip Poole will lead research activity across the firms investment platform globally.
Rene Jones was also named one of two vice chairmen of M&T Bank.
A former top producer from Wells Fargo's private bank will manage client acquisition and relationship development activities across Websters four-state footprint.
Now that you've chosen to switch firms, make sure you do it right.
The number of mergers and acquisitions of financial advisors is set to increase substantially in 2014 and beyond, according to research released by Tiburon Strategic Advisors.
A pair of longtime Suntrust financial advisors have hooked up with LPL Financial to form their own practice.
Looking to make a move? Here are top 10 tips from Danny Sarch, president of Leitner Sarch Consultants, to help you get everything you think you're worth.
Gerber Kawasaki wants its 2,700 clients - and every prospect - to communicate with one another.
The firm hired five directors in Chicago, Seattle and Palm Beach Gardens as part of its campaign to boost its sales force and professional staff.
Benton Reichenau will be responsible for all product management for banking, wealth planning, and investment management and trust across U.S. Bank Wealth Managements three business lines.
John Quello and his son, Nathan, joined First Dakota National Bank from UBS Financial Services, where they produced more than $1.6 million in annual fees and commissions.
U.S. Bancorp has promoted P.W. Parker to vice chairman and chief risk officer, the Minneapolis company said Thursday.
Expansion-minded Savant Capital Management has bolstered its presence in the vibrant Chicago metropolitan market, acquiring Paragon Advisors, a $150 million firm in Naperville, Ill.
A big LPL practice with $3.7 billion in assets under management is picking up a $300 million Chicago-area firm.
The new hires are part of the wealth managers campaign to boost its sales force and add private and mortgage bankers and other professionals in key wealth markets by the end of 2014.
The Private Client Reserve hired a former Mayo Clinic executive to join the healthcare solutions team as vice president and healthcare banking specialist in Minneapolis.
Looking to move? Here's how you can get everything you think you're worth.
HSBC in McLean, Va., has hired a longtime Citigroup executive to lead its U.S. branch network.
Dan Driscoll will oversee six advisors and will work closely with M&T Bank regional presidents in their respective markets.
The firm appointed a former executive of Capital One Bank to a new position leading the firms private and escrow bankers and coordinating the activities of mortgage banking officers in the field.
The firm added two family wealth advisors in New York and Boston.
BNY Mellon Wealth Management made two senior hires in Boston and San Diego that are part of its recruiting campaign to increase its sales force by 50% by the end of next year.
The bank nabbed the assistant research director of GE Asset Management to lead the U.S. equity portfolio team.
The new directors will oversee business development in Pittsburgh; Westport, Conn.; and Dubai, United Arab Emirates.
The company has a new deal with a Texas firm targeting ultrahigh-net-worth clients.
The firm added three advisors in the Palm Beach market, where business is growing.
Pimco, the bond manager that started expanding into stocks four years ago, hired Virginie Maisonneuve from Schroders to lead the push after Neel Kashkari left in January.
The former central region president will now oversee the Private Client Reserve and its 1,300 financial professionals nationwide
The Opsahl Group, led by senior advisor Joseph Opsahl and advisor Chris Hatfield, is leaving Merrill Lynchs Private Client Group to work with True, a key Dynasty Financial Partners firm in the Pacific Northwest.
JPMorgan has named a former U.S. Bancorp executive as the head of its wealth management business.
The industry veteran, who comes from Merrill Lynch, will be president of the firm's registered broker-dealer, ING Financial Partners.
J. Michael Evans, a vice chairman who ran emerging markets and was seen as a potential successor to CEO Lloyd C. Blankfein, is retiring after more than 20 years at the bank.
The firm has added a Florida-based team with over $1 billion in client assets to its independent channel.
The agency asked for the change as part of an effort to improve corporate governance at the company, said one of the people, who asked not to be identified because discussions were confidential.
With $1.4 billion in assets already, firm aims to become a Southern California giant.
Three big industry names are joining forces to form a new wealth management firm, Lebenthal Wealth Advisors.
Hector Sants, head of compliance and government, is to take a temporary leave of absence because of exhaustion and stress less than a year into the job.
The tax-focused independent broker-dealer has added two new executives to its management ranks.
In the latest deal for Focus Financial Firm, Boston-based RIA expands footprint, sees more acquisitions ahead.
Helen Nugent, an 18-year veteran of Northern Trust, oversees a team of five sales directors across a six-state region and will drive regional professional recruitment efforts.
The firm advises 119 families and has $540 million in assets under management.
Five former Merrill Lynch advisors with $900 million in assets have jumped to Janney in Connecticut.
Assets under management and state-registration among RIAs are up this year, with Dodd-Frank Act requirements resulting in a major industry shift.
VisionPoint Advisory Group is looking to use the giant independent broker-dealer as a base to expand by recruiting more advisors.
The independent broker-dealer network, which would be the nation's fourth-largest IBD if all its component businesses were consolidated, has named a 42-year-old internal candidate.
Independent RIAs in the increasingly competitive -- and lucrative -- San Francisco Bay Area market may have to raise their game, according to a leading investment banker.
Atlanta Capital and PFM say they will offer more concierge services to families with less than $20 million in AUM.
The hires are part of BNY Mellons campaign to increase its nationwide sales force and add private and mortgage bankers and other professionals in top U.S. wealth markets.
Geoffrey Brown, NAPFA's CEO as of July 1, speaks about his latest initiatives for the roughly 2,500-member organization of fee-only financial advisors. Brown succeeds Ellen Turf, who left NAPFA after 11 years as CEO.
Lincoln National, the insurer whose stock surged more than 60% this year, hired Ronald Holinsky from Janney Montgomery Scott to be chief compliance officer as the industry faces increased regulatory scrutiny.
The wealth manager moved its Cleveland office to a larger space that will accommodate more clients and more staff.
Raymond James continues to emphasize expansion along the West Coast with the addition of a former Morgan Stanley manager who will open a new office in San Diego.
Danny Ludeman announced his retirement on Friday after five years as head of Wells Fargo Advisors.
Beverly Hills Wealth Management has launched an internal asset management division with the addition of the emerging McComsey Asset Management, with $30 million in assets under management, to help attract a greater number of breakaway brokers.
New hires bolster the firm's recruiting and succession planning units.
The new hires will be responsible for business development and identifying opportunities for expanding the firms client base.
The firm has expanded in Texas with the addition of a team of three former Merrill Lynch advisors.
The wealth manager is moving to a larger office space to accommodate growing business in Florida.
The move is part of BNYs previously announced plans to expand its nationwide sales force by 50% over the next 18 months.
The 2013 RIA Roadshow will kick off a six-city tour of the Midwest on Tuesday September 24 in Troy, Michigan.
Citi Private Bank nabs talent from J.P. Morgan and Abbot Downing to serve the super wealthy in key markets.
Larry Roth, former president and chief executive officer of Advisor Group, one of the countrys largest networks of independent broker-dealers, is joining Realty Capital Securities, a major broker-dealer and wholesaler of real estate investment trusts, as chief executive officer.
Raymond James picked up a $500 Million team from Morgan Stanley and a Jefferies advisor with $100 million in assets.
Alex Kramer joined the Private Client Reserve to lead a team of 10 advisors as managing director.
The firm promoted two executives to newly created regional posts based in Naples and Miami.
Don Quattrucci rejoined BNY Mellon from U.S. Trust, where he most recently served as managing director and market investment director for two years.
In a round of summer hiring, the firm brought in four advisors with a total of over $500 million in assets.
Brent Smith, a relative newcomer to Susquehanna, will run the program previously managed by two sales managers.
The Private Client Reserve hired a new wealth management advisor from UBS Private Wealth Management to support growing business in the Chicago market.
Wells Fargo's regional president of Florida operations has been promoted to a national executive.
Nitin Mhatre, executive vice president of Consumer Finance, will lead Websters Personal Bank, which includes Webster Investment Services.
Morgan Stanley has bolstered its New York office with a top billing advisor from J.P. Morgan Securities, the boutique brokerage branch of JPMorgan Chase.
A spike in the proportion of RIA-to-RIA deals in the first half of this year may signify that the advisory field is starting to come into its own.
Umpqua names a former Citi Private Bank executive to lead growth in the San Francisco region.
The Private Client Reserve lured professionals from J.P. Morgan Private Bank and Citi for positions in Los Angeles, Chicago, and Scottsdale, Ariz.
UBS has tapped Jonathan Brooks to be a sales director responsible for bringing in corporate clients.
The investment bank, founded by former U.S. Deputy Treasury Secretary Roger Altman, hired Jewelle Bickford as a partner in its wealth-management unit.
UBS Wealth Management Americas has added a former Morgan Stanley advisor with $600 million in assets.
A former Deutsche Bank Securities advisor with over $2 million in production has jumped to Morgan Stanley.
Wedbush has expanded its Southern California presence with a 40-year industry veteran.
Citi named two senior managers from rival institutions directors and ultra-high-net-worth private bankers.
First came the big airline mergers. Now two Dallas RIAs that focus on airline pilots have combined as well.
The new appointments are part of a larger initiative by the bank to grow market share in local markets from Maine to Florida.
Edward Joness James Weddle and Robert Keenan of St. Bernard Financial Services Inc. were elected to the Financial Industry Regulatory Authoritys Board of Governors at its annual meeting.
The firm has added an 18-year industry veteran to its Greenville, Del., branch office as a vice president of wealth management.
Ascent Private Capital Management has hired four managing directors, each supported by a national advisory team of more than 30 wealth experts.
Focus Financial Partners, one of the countrys largest RIA aggregators, has recorded its fourth deal of the year.
Wedbush has brought on the former president of First Washington amid questions over his supervision of a former employee.
Washington Wealth Management is continuing its rapid growth -- albeit at a slighter slower pace than its own CEO had forecast.
George Crosby, the former head of HSBCs Brazil team, will oversee all activities covering the Latin American markets in the U.S.
A 33-year financial services industry veteran from Southern California has been elected to serve as 2014 Chair-elect of the CFP Board of Standards Board of Directors.
Janney has hired two advisors from Morgan Stanley and Raymond James with $91.6 million AUM.
The Nashville community bank has expanded into new territory with the addition of three advisors who will focus on the medical industry and physicians practices.
Wells Fargo & Co. appointed Mark Jones to lead the firms capital markets and investment banking business in Asia.
Two of the five new hires joined the Boston office. The others joined offices in Princeton, N.J., Melville, N.Y., and Walnut Creek, Calif.
Barclays Plc, Britains second- largest bank by assets, hired Tushar Morzaria from JPMorgan Chase & Co. to replace Chris Lucas as chief financial officer.
Andrea Kaempf, formerly of Bank of America, will lead the personal wealth team of U.S. Banks Private Client Reserve HNW unit in Washington State.
The wealth manager hired a sales director and a senior mortgage banker in Washington and added seven wealth professionals to the Philadelphia team.
Timothy Throckmorton will oversee and help grow the personal trust and estate administration business.
The addition of three sales directors in Miami, West Palm Beach and San Francisco are part of the wealth managers long-term campaign to boost its sales force by 50% by 2014.
After seven years with another independent broker-dealer, an Omaha, Neb,. team has returned to Securities America.
The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones.
Raymond James Financial Services adds a veteran advisor and two team members are reunited.
Shannon Kennedy, a 26-year veteran of Northern Trust, was appointed to a new post as regional president for Orange and San Diego counties in Southern California.
The new hires are part of the firms aggressive two-year recruiting campaign to increase the sales force by 50% by the end of 2014.
Debralee Nelson, a recruit from J.P. Morgan Chase, will drum up business among ultra-high-net-worth clients in the New York Tri-State region.
Yves Cochez will manage the banks portfolio management team and set the overall direction of investment management for high-net-worth clients.
Sallie Krawcheck, for years one of the most high-profile women in financial services, announced Wednesday that she has invested in 85 Broads and will take over as business leader for the women's network.
The firm has hired four wealth sales directors in Los Angeles and Newport Beach to drum up business.
Hilliard Lyons hired Grover Butch Canty as a public finance banker to further the firms expansion in Western Kentucky.
Steven Wieting, managing director and U.S. economist in Citi Research, will be responsible for formulating investment strategies for the business and its clients around the world.
Merrill Lynch Wealth Management has tapped Ashvin Chhabra to serve as chief investment officer and head of Investment Management and Guidance.
Elise Fortin, a former executive of Wells Fargo Private Bank, will be responsible for leading Umpqua Private Banks expansion in the Puget Sound region.
Gerald Rixie, the former CFO of Calamos Family Partners, joined the Private Client Reserve as a wealth management consultant.
Madorie OHara, a former Citi Private Bank portfolio manager, will manage investment portfolios for Websters private banking clients. She will be based in Stamford, Conn.