Stifel Financial brings in a veteran Morgan Stanley advisor for a newly created client office in West Chester, Pa.
Abigail Johnson has climbed the ranks of Fidelity Investments, the company started by her grandfather in 1946, over more than 25 years, starting as a stock analyst and working her way through almost every major division.
The deal will help Gratus Capital Management 'turbo charge' growth, says Focus cofounder Rajini Kodialam.
Mohamed El-Erian, who quit Pacific Investment Management in January amid reports of clashes with Bill Gross, said he was surprised by the events surrounding the departure of the star bond manager last week.
Halé Behzadi will oversee the bank's offices in Beverly Hills, Los Angeles, Orange County, Palo Alto, Phoenix, San Francisco and Seattle.
Wedbush advisor Mark Heiden talks about what drives him: I want to keep growing and develop the business so my family can carry on the legacy started by my father in the 1950s.
A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm.
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Pimco's CEO Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder Bill Gross.
Advisors have trusted the "Bond King" for years, but with Bill Gross's abrupt departure from PIMCO, the firm he founded 43 years ago, the playing field has changed. Here's what you need to know before the dust settles.
Two advisors with $80 million in AUM leave Wells Fargo for RBC Wealth Management.
Bill Gross, co-founder and co-chief investment officer of Pimco, will join Janus Capital Group, the company said.
Female executives from U.S. Trust and Goldman Sachs join New York-based Dynasty Financial Partners.
Morgan Stanley lures highly lucrative talent from Merrill Lynch while Washington Wealth Management grabs advisors from RBC and Wells Fargo plucks four from UBS. Here are the most recent moves among wirehouse advisors.
Schorsch makes big changes to the firm's executive team with a new CEO as well as the hiring of longtime LPL exec Bill Dwyer.
Darrel Hackett will be responsible for BMO Financial Group's personal wealth management businesses throughout the United States.
Two former advisors from Fifth Third Private Bank are joining LPL's broker-dealer and custodial platforms as an independent hybrid firm, StreamSong Advisors.
Wells Fargo continues recruiting from UBS, hiring advisors with a combined $410 million in AUM.
A veteran Merrill Lynch advisor with $1.5 million in production joins RBC Wealth Management.
Independent Financial Partners, an LPL firm, tapped a financial services veteran to recruit advisors from the wirehouse channel.
Big banks are still avoiding bank M&A, but the reasons are evolving. Plenty are still looking inward, while others are focusing on buying fee businesses. U.S. Bank CEO Richard Davis says he doesn't want to be burdened with an integration when the economy takes off.
BB&T is back in the business of buying banks for the first time in several years, even though most of its peers think regulators are opposed to big-bank M&A. BB&T's investments in compliance improvements make its executives feel confident about getting new deals done, CEO Kelly King says.
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A former Stifel advisor joins Janney Montgomery Scott's private client group.
Robert Benmosche, who is stepping down this weekend after five years as CEO of American International Groups chief executive, said he learned in May that he had nine months to a year to live.
Firm switches to LPL to help it attract "overlooked" wirehouse advisors with $250,000 or more in revenues.
HighTower has recruited newly formed 401(k) practice Fiduciary Plan Advisors to its network platform.
Deutsche Bank has hired two executives to oversee technology and operations.
Shane Hiller, who joined Umpqua a year ago to build the bank's high-net-worth business in San Francisco, rejoined his former employer as director and private banker.
A former Merrill Lynch advisor has joined Abbot Downing, a unit of Wells Fargo that serves ultra-wealthy clients.
RBC Wealth Management-U.S. announced Friday that it has recruited Roger Rath from Janney Montgomery Scott as a senior vice president and financial advisor for its Annapolis, Md., office.
A former Morgan Stanley executive with 30 years of experience has signed on with Zieglers wealth management division as its new senior managing director.
Deutsche Bank hired James Dilworth, chief executive officer of Allianz Global Investors Europe, to lead management of active assets.
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.
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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.
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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.