Industry

The RIA market continues to grow, but it wound up in second place last year.

Dallas-based Pyxis Capital has added a wholesaler to cover the New York Metropolitan area.

Hartford Mutual Funds has named Jac McLean as head of distribution, a newly created position, responsible for retail sales, institutional sales and key account management.

Morgan Stanley advisor Anthony C. Jones, who ranks at number 22 on the Top 40 Under 40 list, focuses on helping entrepreneur clients move away from concentrated stock portfolios.

Brett Meili recently joined U.S. Bancorp Fund Services as legal counsel to provide support for the organizations’ growing alternative investment products and services.

Jay Nolan has joined RiverNorth Capital Management, LLC as a portfolio specialist to act as a liaison between investors and portfolio managers.

A former Edward Jones advisor has jumped to Hilliard Lyons in Paducah, Kent.

Fidelity Investments has closed off one of its funds to new investors.

In the fourth quarter of 2012, wealth and investment services earned $7.8 million in non-interest income for the bank, a 36% jump from a year earlier and 9% increase from the previous quarter.

Deutsche financial advisor Jason Zaks, number 23 on the Top 40 Under 40 list, prefers the personal side of investing including handwritten notes to clients.