Larry Barrett

Global assets invested in exchange-traded funds and exchange-traded products eclipsed the $1.7 trillion threshold in August - an all-time high.

Neuberger Berman has named financial services veteran Brendan Gill as its new senior vice president and head of national accounts in its Advisors Solutions Group.

The Los Angeles-based RIA has hired new managing directors for client and business development.

Neuberger Berman has appointed William Proctor as its new vice president and wealth advisor in its wealth management division.

Securities America has hired Denise Morrison as its new chief compliance officer.

TD Ameritrade survey finds that 60 percent of Generation X and Generation Y make regular, automatic contributions to their retirement savings compared to just 46% of non-retired baby boomers.

Eighty percent of financial advisors say they're dabbling in social media to drum up new business and one in five has already reeled in new clients as a result of participating.

American International Group will acquire the independent broker-dealer from the Hartford Financial Services Group.

Schwab Advisor Services says fewer RIA mergers and acquisitions took place in the first half of 2012 compared to the same period last year, but the average assets under management acquired in those transactions jumped dramatically.

According to an SEI poll, 44% of wealth managers said dealing with ongoing and ever-evolving regulatory changes will be their firms’ top priority this year.

Matrix Financial Solutions refreshes its RetireTool(k)it to better support regulatory compliance and simplify the selection and monitoring of funds.

Raymond James & Associates hired former Morgan Stanley Smith Barney advisor Tom Shoup as the new senior vice president of investments in its Atlanta office.

The FPA and FiPath for Advisors announced a strategic partnership that will allow FPA members to access a variety of online marketing and educational tools.

LIMRA survey finds that three in five people who work with an advisor contribute to a retirement plan while only 38% of people doing their own financial planning invest in similar long-term investment plans.

Citi Private Bank hired Lisa Maurer as its new family office group director for the Northeast region.

Advisors Scott Christie, John Aitchison and Ryan Jennings will ply their trade from the firm’s new Scottsdale, Ariz. office.

Raymond James’ latest additions include Bill Carmel, Todd Carmel, Donn Carmel and Mario Quintero Jr., a former Morgan Stanley Smith Barney financial advisor team based in Westlake, Ohio.

National Planning Corp. has named Randy Miller as its new first vice president and director of practice management.

A prolonged low-interest-rate environment has compelled high-net-worth investors to seek out dividend-producing stocks and corporate bonds with renewed vigor, according to a new survey by Fidelity Investments.

Julius Baer Holding AG is reportedly closing in on a deal to acquire Bank of America’s international wealth management unit for a purchase price somewhere in the vicinity of $2 billion.