Industry

Morgan Stanley financial advisor Brad DeHond, number 25 on the Top 40 Under 40 list, says that successfully serving ultra high net worth clients requires a different approach.

Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, said quarterly profit almost tripled as gains in the value of the firm’s own investments contributed to the first year of revenue growth since 2009.

As the RIA industry grows and reshapes itself, advisors need to keep an eye on the shifting competitive landscape. In our annual RIA Leaders report, in addition to identifying the top 50 firms by AUM and by growth, Financial Planning ran the numbers to find 50 emerging fee-only RIA firms to watch.

Malcolm MacColl has left the firm he founded, Crosswind Investments, to join Brown Advisory.

Quant shop Analytic Investors has hired Paul Runge as a Director of Business Development to focus on institutional investors, with an emphasis on public pension plans.

David Duffy joined the group as sales director and will be responsible for the firm’s residential mortgage business in the Mid-Atlantic region, focusing primarily on Philadelphia and Washington, D.C.

The TCW Group has appointed Meredith Jackson as General Counsel, effective January 15.

Pioneer Investments ventures further into Western Europe and Latin America with a new hire today.

The collective voice of independent financial advisors just got a little bit louder.

Russell Indexes today announced a global alliance with NYSE Euronext to include the transition of RussellTick, an index feed for real-time, intra-day values for the Russell family of indexes to NYSE Technologies’ Global Index Feed protocol.