Industry

Washington Wealth Management added Domari Wealth Management, a breakaway team from Wells Fargo with $135 million in AUM and $1.4 million in revenue, to its newly formed Woodland Hills, Calif., office.

"Confidentiality is critical," says Mary Ann Buchanan, a 25-year industry veteran and founder of Purcellville, VA-based RIA Match. "[Advisors] need to be able to look around anonymously. They need to have the ability to stick their toe in the water and see who is out there. Names and addresses [collected from users] will never, ever be sold."

Fieldpoint Private, a Greenwich, Conn., based wealth advisory and private banking firm, announced that Susan Hirshman has joined the firm as a managing director and senior adviser.

"We provide all the tools a broker needs to thrive," said Russell Gebhard, president of Sovereign Investment Group in Houston."If the advisor is successful, it's more than likely the clients will be, too."

Merrill Lynch Wealth Management has decided to increase its minimum equity trade fees to $75 from $50 following a year of research on how its pricing fits the market.

Gabelli Adds Hedge Fund Vet to Alt Unit

Cynthia Egan, head of retirement plan services at T. Rowe Price, is retiring on December 31.

Tim Pawlenty, the former Republican governor of Minnesota who criticized Wall Street while running for president last year, is joining the Financial Services Roundtable as president and chief executive officer.

A survey from the Oechsli Institute reveals that advisors are underusing the personal aspects of social media to build client rapport.

CFO4LIFE, a Coppell, Texax, financial planning firm with more than $450 million in assets, announced Thursday it is departing from LPL Financial to become an RIA.