Industry

On August 13, 2012, Somewhere in the world this week, Jeffrey Gundlach is smiling.

On August 13, 2012, Executive Briefings.

UPDATE: Who are the most influential people in our industry? Financial Planning is now accepting nominations for our annual Influencer Awards. We are seeking the most impactful individuals in multiple categories who are leading -- and sometimes pushing -- the industry to higher levels. The awards will recognize practitioners and thought leaders who have made significant contributions to the financial planning profession, from developing innovative portfolio and practice-management solutions to providing leadership for the advisory community.

As Morgan Stanley Smith Barney reportedly faces changes ahead for its brokerage unit, including slashing support staff jobs, combining offices and raising production requirements, all eyes turn to how any decisions may affect its advisor force.

FINRA levied almost $40 million in fines in the first half of the year and will likely doll out as much or more through the end of the year.

Neil Hattem has joined Stifel Nicolaus as a senior vice president in Los Angeles.

Proving that advisory competition is still strong, Merrill Lynch has hired a Morgan Stanley Smith Barney advisor duo with $377.8 million in client assets, and lost two other teams to other wirehouse firms.

Morgan Stanley Smith Barney has shuffled two of its top executives as it aims to bolster ties its Consulting Group business has with the firm's wealth advisory services and the clients its advisory force serves.

Looking to build out its wealth management division, SEI expects Doug Pugliese will draw clients at companies' top brass.

On August 9, 2012, Hatteras Funds has rehired Michael Hutten as an executive director, responsible for leading sales initiatives in the Western U.S. region, focusing on investment consultants, Registered Investment Advisors, and broker/dealers.