Industry

RBC has added a group of five former Morgan Stanley advisors with $758 million in combined assets under management.

Advisors continue to flock to the RIA business model, making it the fastest-growing corner of the financial services industry. However, even as they do, more than ever are hanging onto commission income, despite the risks it poses to acting as full fiduciaries.

Scott Cooley, chief financial officer at Morningstar will resign from his post this year but the company expects him to remain in his role until it names a replacement.

Christopher Hohlstein is based in the firm’s growing office in Atlanta and reports to Craig Sutherland, president of the Southeast U.S. region.

Palmer Square Capital Management is bringing another asset management shop into its fold.

No financial advisors will be impacted, but some of the cuts may impact the support areas for the wealth business, a person familiar with the situation said.

When it comes to working with clients, Wells Fargo financial advisor Christopher Purdue, who lands at Number 30 on our list, emphasizes old-fashioned house calls.

Newly appointed Securities and Exchange Commission Chairman Elisse Walter this week unveiled the agency’s General Counsel in the form of Geoffre Aronow, who will begin his new role later this month.

Bank of America Merrill Lynch this year will double the number of institutional trading forums it operates, putting on about two dozen.

When people think of jobs on Wall Street, they often imagine a bunch of accountants, analysts, stockbrokers, mathematicians and other brainy types. But not everyone in the financial sector follows the same path.