Industry

Financial services mergers & acquisitions will face both uncertainty and opportunities in 2013 due to increased regulatory costs, depressed organic growth, and the greater availability of attractive financing, according to a new report issued by PwC US.

Almost a year after Raymond James purchased Morgan Keegan, the integration has passed its last major milestone, which means the end of the venerable Morgan Keegan brand. The final integration will make Raymond James one of the largest brokerage firms behind the four wirehouses with almost 6,300 advisors in its brokerage, roughly 900 of whom come from Morgan Keegan.

Echo Point Investment Management has a new head of sales and marketing.

Merrill Lynch Wealth Management has lured five advisors with $619 million in assets and about $2.9 million in production in its latest move in the hunt for advisory talent.

Dynasty Financial announced Monday that Octagon Financial Services, a McLean, Va., registered investment advisor that specializes in working with professional athletes, is now using Dynasty's open-architecture wealth management services and technology platform.

ING Group has announced its new CEO.

Chatham, NY-based Aviemore Asset Management is prepping a merger of its ETF Market Opportunity Fund, a fund of funds, into a new separate series of the Stadion Investment Trust.

Vanguard has made five key investment management appointments as part of what it says is its long-standing practice of periodically rotating members of its investment management teams to broaden their experience and provide them with new responsibilities.

Guggenheim Investments is liquidating nine exchange-traded funds to make room for other "products that have demonstrated the most marketplace demand."

This year’s top three regional advisors have risen through the ranks through a combination of ambition and diligence. Check out who made the list and what has inspired them.