Industry

As part of the arrangement, Adams Hall will retain its name and gradually integrate its operations and systems into Mariner’s over time.

Antitrust regulators in Europe stopped the merger of Deutsche Boerse and NYSE Euronext on Wednesday, saying the combined group would have a stranglehold on the listed European futures market and would thwart new entrants.

NYSE Euronext said it would focus on its “standalone strategy,’’ while Deutsche Boerse declared this a ‘black day’ after the European Commission prohibited the merger of the two exchange operators.

Just over three-quarters—76%—of advisors who have recently shifted to an independent business model say they're better off financially, according to a new study by Fidelity Investments. And 64% of those who say they're better off were better off within six months of their move, according to the study.

Merrill Lynch Wealth Management hired Gary L. Burgess to serve as senior vice president, resident director for its Chicago-Monroe office. Burgess most recently served as managing director and regional executive at Deutsche Bank, where he led the firm's Chicago business.

The head of global wealth management for Jefferies & Co. discusses his 31 years in the securities business.

Brian Saltzman, formerly with AllianceBernstein in New York City, has joined Neuberger Berman Group LLC as a wealth advisor and vice president in the firm’s Manhattan office.

Michael Hamm has left a position as vice president at Cambridge Investment Research in Fairfield, Iowa, to become a senior vice president at The Legend Group in Palm Beach Gardens, Fla.

Alex Murguia, managing principal of McLean Asset Management and CEO and founder of inStream Solutions, believes advisors should be aware of major changes underway in the planning profession—and should take proactive steps to safeguard their practices. Financial Planning talked to Murguia about his views on the outlook for RIA businesses.

Stewart Head of EMEA Client Mgt. at BNY Mellon; Franklin Templeton Names Two New Hires; BlackRock Appoints Powers Director/Trustee; Dillon Gage Names Friedman EVP