Career moves

Here's what you missed this week in wealth management.

Steven Black was a board member of BNY Mellon when Wells CEO Charlie Scharf led the trust bank. He will become Wells Fargo’s fifth chairman in five years.

New role will oversee leaders and businesses of Wells Fargo Advisors Financial Network (FiNet), First Clearing, and the Registered Investment Advisor (RIA) custody business.

David LaValle, former chief executive officer of custom index provider Alerian, will drive the effort to convert the $25 billion Grayscale Bitcoin Trust into an exchange-traded fund.

Financial advisor Alan Kodama’s team aligned with the No. 1 IBD as it reeled in $35 billion in recruited client assets in the second quarter.

A roundup of this week's news includes advisors on the move, new hires and SEC enforcement.

At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left.

The TAMP has also created a new chief digital officer role to oversee improvements to the firm’s technology infrastructure.

A roundup of this week's news includes advisors on the move, new hires

Philadelphia-based Janney Montgomery Scott added three teams from Wells Fargo and Merrill Lynch across two states managing $1.4 billion in client assets.