Industry

The chief operating officer of Guggenheim Investments and two other top executives were let go this week as part of a reorganization at the firm

A former top producer with Edward Jones, John Lindsey has begun the process of migrating to a fee-based business by partnering with Securities America branch office Cooper McManus, an RIA with more than 40 advisors.

On April 18, Russell Investments added Tom Goodwin in the newly created role of senior research director for Russell Indexes.

On April 18, Boston-based Affiliated Managers Group, Inc. (NYSE: AMG), has agreed to acquire a majority equity interest in Yacktman Asset Management Co.

The new unit will service advisors dedicated to mass-market clients, a segment the company believes does not get enough professional financial advice.

On April 18, Reuters reports that the chief operating officer of Guggenheim Investments and two other top executives were let go this week as part of a reorganization at the firm, according to three people familiar with the situation.

Schwab report finds spike in total M&A activity in the RIA sector for the first quarter, but nearly half of the $23.95 billion in total assets under management transacted across 17 deals through March 31 came from one deal.

Wilmington Trust has tapped industry veteran William T. LaFond to head up its wealth advisory business in the Washington, D.C., and Richmond markets.

The company said in a press release that the role was crated "because of the importance of the Americas businesses in Barclays portfolio and strategy and will better enable Barclays to position its businesses optimally for the changing industry environment."

Krawcheck, who was ousted from her position as president of Bank of America Corp.’s Global Wealth Management group in September, is joining the New York-based company effective immediately.