Industry

Charles Schwab's Advisor Services group is planning to launch an internship program next year to help registered investment advisory firms develop and find new talent.

The firm has added a team with over $500 million in production to its southern California offices.

Despite the volatility of the last few years and the continued economic malaise in much of the developed world, global stocks are still attractive, according to executives at Morgan Stanley.

Bank of America Corp. salespeople assigned to the world’s biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients, or else.

Wells Fargo Advisors has promoted David Kowach to serve as president of the firm’s Private Client Group.

Prudential Retirement has strengthened its stable value team with the appointment of Michael Davis as its new head of stable value.

Many talented individuals are getting hired on Wall Street. But while it is great to hear that others are doing well, the first thing every job seeker wants to know is this: "How can I be one of them?"

The Schwab IMPACT 2012 Conference opened Tuesday in Chicago. The annual gathering of independent investment advisors, now in its 21st year, will go on through Friday bringing together the industry’s best and brightest advisors.

Robert Hagstrom has joined Legg Mason Investment Counsel as Chief Investment Strategist, responsible for communicating Legg Mason Investment Counsel’s strategies and market views.

Bank of America Corp.’s commercial customers are already reacting to the “fiscal cliff” looming over the U.S. budget by putting off purchases, Chief Executive Officer Brian T. Moynihan said.