Donald Jay Korn

Macquarie Group has announced several senior leadership appointments as well as 14 additions to its U.S. equity sales and sales trading teams.

Frederick (Rick) Wise and Jonathan Block will be joining the firm as managing directors and senior equity research analysts covering healthcare. In addition, Robert Mains has joined the firm as a managing director, providing research coverage of healthcare providers and real estate companies.

Edward Jones plans to add about 8,000 advisors over the next eight years. If this ambitious goal can be realized or even approached, some of the success may be due to specialized efforts to recruit and acclimate new advisors from nontraditional backgrounds.

An influx of assets and advisors have given a much needed boost to smaller, independent advisors.

The Columbus, Ohio-based broker-dealer hired David Lacki as managing director of the firm’s affordable housing group.

Royal Bank of Canada hired Gregory Steele to trade high-yield bonds in the United States.

Financial advisor Paul Siegel, the latest addition from its three-year recruitment binge, joins the firm’s Scottsdale, Ariz. office.

Scott & Stringfellow named Bryan Cram president of its private client group. Cram he plans both internal and external expansion of the retail business.

A new Amerprise study finds that far too many baby boomers are sacrificing their retirement goals and plans to help ease some of the short-term economic pain facing their children and their own parents.

Oppenheimer & Co. said that it has hired two managing directors in its investment banking unit. The newcomers will be based in New York, reporting to Marshall Heinberg, who heads Oppenheimer's investment and corporate banking operations.

Cantor Fitzgerald has hired five investment professionals to expand its presence in emerging markets in Latin American, with a particular emphasis on Brazil.

Wunderlich Securities has added six wealth management professionals, including five from Morgan Keegan. In the past six weeks, 15 people have moved from Memphis-based Morgan Keegan to Memphis-based Wunderlich.

Marc Cox, a reporter/anchor in St. Louis, will leave the station in May to become a financial advisor with Edward Jones there. Cox said he hopes to be licensed, trained and “ready to go” by late August.

Oppenheimer & Co. and Oppenheimer Asset Management have announced the hiring of John Stoltzfus as a managing director and chief market strategist.

The company said that the new hires bring the firm’s public finance team to 16, up from 12 individuals at the end of last year.

Wunderlich Securities has announced the hiring of four more professionals from Morgan Keegan: three in its Equity Capital Markets division and one in the Private Client Group.

Gordon Morse worked Smith Barney and Bear Stearns, managing and developing branch offices, before working at Raymond James.

Wunderlich Securities has added six Equity Capital Markets professionals from Morgan Keegan. Of the new hires, four are located in Wunderlich’s Memphis headquarters while the other two are in the Institutional Sales Department in New York City.

Janney Montgomery Scott has just opened an office in Sarasota, Florida, its first on that state’s West Coast.

According to Cerulli Associates, wirehouses have been focusing on high-net-worth investors for quite some time—but not very successfully. In the last three years, wirehouses’ share of the HNW market has dropped by 11%.