Baird has appointed a director for its Houston market and has picked up another advisor with $350 million in client assets.
Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets.
Raymond James has lured away two advisors managing $100 million in client assets from UBS.
Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors.
J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management.
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer.
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Five years later, Julius Baer's CEO makes his mark, turning Switzerland's third-largest wealth manager into a global business spanning Europe, Latin America, the Middle East and Asia.
American Realty Capital Properties' Nicholas Schorsch will step down as CEO in October and be replaced by President David Kay as part of governance changes at the largest single-tenant landlord.
Mike Quimby will lead a team of more than 30 financial advisors and will help drive growth across the banks central region markets in six states.
Georges Chodron de Courcels resignation after more than 40 years at BNPParibas SA wont soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
The promotion is the latest step in the firms organizational expansion throughout Florida.
The bank has added two senior portfolio managers to its investment management team.
Industry changes mean branch managers risk more but earn less.
Jason Stamm will lead a team of more than 350 investment, trust, private banking and financial planning professionals. He succeeds Mike Ott, who was recently named president of the business nationwide.
Wells Fargo lost four advisors to regional firm Benjamin F. Edwards, but the wirehouse picked up six advisors collectively managing more than $500 million in assets. Meanwhile, UBS recruited a former Merrill advisor with $500 million in assets. Click through our slideshow to see these and all the latest moves, hires and promotions.
Allison Couch's newly created role focuses on sales and distribution strategies across one of the industry's largest broker-dealer networks.
City National Bank hired five wealth management pros in its private client group in Californias central coast region.
Ben Pace, Deutsche Bank AGs chief investment officer for wealth management in the Americas, is leaving, according to two people with knowledge of the matter.
Formerly affiliated with MassMutual Financial Group, Joe Esposito and Keith Kiker will bring more than $150 million in client assets to Commonwealth.
UBS and Morgan Stanley shook up their executive ranks, while Morgan lost several advisors managing more than $700 million in assets to Wells Fargo, Raymond James and independent firm Steward Partners. Click through our slideshow to read about the latest moves, recruitments and promotions.
When financial planners launch a firm, success hinges on knowing how to run a business.
Two Merrill Lynch veterans who generated about $1.6 million have left the wirehouse for Raymond James & Associates.
UBS is shaking up its wealth management executive ranks, bringing in Paul Hatch as group managing director, in a move that the brass says will better serve advisors and clients.
In cases heard by an SEC administrative law judge or a FINRA hearing panel, a study finds, 46.7% of broker-dealers, advisors and registered reps succeeded in getting charges dismissed or lowering the sanctions imposed.
Whether you're selling right now or next decade, there are many ways to make any solo practice appeal to buyers.
Morgan Stanley has lost two advisor teams that managed more than $400 million in assets.
Morgan Stanley is reshaping its executive ranks, appointing new heads for its private wealth management business and capital markets.
A new RIA in North Carolina formed by three recently departed wirehouse advisors has chosen to affiliate with Raymond James' custodian group.
Morgan Stanley, the top-ranked merger adviser so far this year, hired Barclays' Brad Whitman for its financial institutions banking group.
Executive pay packages have long been structured to reflect performance. But one key task that often gets short shrift from bank directors and CEOs is succession planning. Now pressure is mounting for that to change.
Despite a commitment by Schorsch to keep top executives, Roth, the former Advisor Group CEO, will head the new management team.
Market Street will hardly be the only new kid on the block fighting for market share in New York.
Kevin Keefe replaces Adam Antoniades as RCS boss shuffles executives for the first time since buying five IBDs.
FINRA's broad brush strokes smear good advisors as well as the bad ones. Here are five ways that the regulator, and the industry in general, tars those advisors who uphold the law and act responsibly with the same brush.
Donald Runkle, who spent nearly 11 years as Raymond James Financial Services' chief compliance officer, resigned; the firm provided no explanation for the departure.
Hugh "Skip" McGee isn't just the head of a British bank's Americas division. He is one of its most lavishly paid officials and the only former Lehman Brothers Holdings Inc. alumnus on the executive committee.
Barclays said Hugh "Skip" McGee will step down as chief executive officer of its Americas unit, almost six years after the British bank bought the operation from the bankrupt Lehman Brothers Holdings.
The newly named exec is responsible for relationship management and business development for personal trust, investment management, and private banking in the New York area, Northern New Jersey and Boston.
The new director fills the last of three critical positions in the build-out of the Waterbury, Conn.-based private bank.
UBS is expanding its wealth management business in Asia and emerging markets by hiring client advisors, Juerg Zeltner, who heads the division globally excluding the U.S. and Canada, said in an interview.
After announcing growth plans earlier in the year, Advisor Group has taken the next step: hiring a new executive vice president of recruiting and acquisition strategy.
AUM drops 31% as more top brass depart, with parent SunTrust filling executive ranks with veterans of the bank.
E.J. Burke, one of the two new co-presidents of the Community Bank, will be responsible for Key Private Bank as well as Keys commercial and business banking segments.
Advisors, even top producers, get fired more often than you think. Recruiter Danny Sarch explains the pitfalls to avoid.
Wells Fargo is adding Bob Vorlop and Joe Nadreau to its executive, according to Mary Mack, president of Wells Fargo Advisors.
The bank's Private Client Reserve unit hired new wealth management professionals in Washington State, Denver, Kansas City and Naples, Fla.
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, says one industry recruiter.
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.
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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.