Industry

Advisors may still feel a bit awkward as well as worried about compliance when they use social media, but they’re definitely using it to build their brands and businesses, according to a new SourceMedia study.

Robert W. Baird & Co. has snapped up 12 financial advisors with a total of $1.93 billion in client assets under management.

RBC Wealth Management has established a new office in Raleigh, N.C., staffed with a six-member team of financial advisors and associates.

UBS Wealth Management Americas has snapped up several financial advisor teams and four individual financial advisors previously working with more than $1.7 billion in client assets.

Ross Sims, previously at ING Financial Advisors, joins RIA and broker-dealer Atlanta Capital Group as a retirement plan specialist and managing partner.

Castle Rock Investment Company has added Kristen Sanchez as Director of Communications. In her new role, Sanchez will gdevelop and implement a strategy to effectively communicate the firmfs ability to help plan sponsors reduce their liability while optimizing their plans,h according to the firm.

Janney Montgomery Scott has added two advisor teams from Morgan Stanley Smith Barney, picking up $380 million of client assets in the process.

Fenimore Asset Management has promoted 20-year veteran Debra Perez to senior vice president, responsible for long-term strategic planning and growth of investment vehicles and services.

Putnam Investments has named Scott C. Sipple as head of investment product management and development, responsible for overseeing the firm's equity, fixed income and global asset allocation product management and development teams.

Henderson Global Investors today revealed that that, effective April 2, Iain Clark is stepping down from the daily management and operations of the International Opportunities Fund.