Industry

Robert Ceccarelli and John Hursh collectively manage more than $148 million in assets and produce nearly $1 million in revenue. They will join Ameriprise's employee advisor channel and be located in the New Haven, Conn.

With 478 advisors in 40 states, Independent Financial Partners is LPL's largest branch, but the Tampa, Fla., based firm certainly won't rest on those laurels. Currently, less than a dozen IFP advisors are fee-only, according to William Hamm Jr., the company's CEO, but that is about to change.

In a nod to the competitive pricing pressure roiling the financial services industry, Advisor Group, one of the largest independent broker-dealer networks in the nation, has eliminated, or drastically reduced, the mutual fund fees it was charging to clients of its financial advisors.

Keith Bernard, former Senior Vice President, Marketing and Sales, at Pax World Management, has left the firm, Money Management Executive has learned.

After a decline in advisor headcount and legal expenses hurt revenue, the firm continues to invest in efforts to expand its retail brokerage unit.

A long-time Vanguard portfolio manager is calling it quits after some 38 years in the business.

Neuberger Berman has named financial services veteran Brendan Gill as its new senior vice president and head of national accounts in its Advisors Solutions Group.

Neuberger Berman Group has appointed Brendan Gill as a senior vice president and head of national accounts in the firm’s Advisor Solutions Group, effective Aug. 30.

The Robinson Reuter Group brings $250 million in assets under management to RBC's La Jolla, Calif., office.

Barclays Plc recruited a team for its wealth and investment management division from Morgan Stanley Smith Barney that includes former New York Jets wide receiver Wayne Chrebet.