Industry

Stadion Money Management has found itself a new distribution partner.

A new addition has helped Focus Financial Partners, the largest partnership of independent wealth management firms, further develop its New York presence.

Merrill Lynch financial advisor Goran Bojovski, number 14 on the Top 40 Under 40 list, says that focusing on corporate retirement plans helps him serve a range of clients.

Senior editor Ann Marsh wrote that more new RIAs were hanging onto commission income rather than choosing a pure fiduciary role. Investment advisor Tom Brakke weighed in on Twitter: “I wanna be called an RIA but I sure like that commission income.” What’s your opinion? Weigh in with your comments below.…

Jeff Knight, who previously led Putnam Investments’ Global Asset Allocation investment unit, which manages specialized multi-asset class portfolios for retail and institutional clients, has left the firm to pursue other opportunities, according to the firm.

Firms are partnering with their advisors to help mid-market business owner clients retire.

Bandon Capital Management has hired Whitney Dow as Managing Director, responsible for spearheading the firm’s marketing and relationship management efforts.

Classic investment style boxes are out and themes are in, Burt White, LPL Financial’s managing director of research, told advisors.

In the fourth quarter, fees and commissions from trust services generated $22.0 million, a 23% increase from $17.9 million a year earlier.

Pacific Investment Management Co., the world’s largest manager of actively run bond funds, has appointed Marc Seidner as interim head of global equities after Neel Kashkari’s departure last week, according to a person familiar with the matter.