Industry

UBS financial advisors take on 10 emerging entrepreneurs.

Putnam Investments has named industry veteran Stephen Jenks head of products and marketing for its defined contribution business.

Putnam Investments has named industry veteran Stephen Jenks head of product and marketing for its defined contribution business.

Confluence, NICSA, Genworth Financial

Wirehouses have lost headcount and asset share even as the average assets under management per advisor in the channel has risen, according to a new report released Friday from Cerulli Associates.

Barclays Wealth announced the hiring of six advisors in its Boston, New York, Dallas and Miami offices. The new hires all have backgrounds serving high net worth clients, Barclays said in a press release Friday.

The Mutual Fund Directors Forum has named Susan Ferris Wyderko as president and chief executive officer, replacing Forum founding President Allan Mostoff, who will retire on Dec. 31.

U.S. firms were the most active acquirers of emerging markets companies in the first half of 2011, according to KPMG International, closing 144 deals. This was nearly twice the 82 acquisitions by Canada. The U.K. made 62 deals, followed by Japan, with 61.

Brown Brothers Harriman & Co. has appointed Rafael Febres-Cordero managing director and head of its international wealth management business, in a push to expand its international business. Febres-Cordero is a 20-year veteran of the financial services industry and spent the past 14 years at Fidelity Investments in a variety of positions, including as managing director of Fidelity's private equity division, Devonshire Investors. He was also managing director, Southern Europe & Latin America at Fidelity Investments International.

Readers react to this week's exclusive interview with Wells Fargo's Rich Lowrie, the financial planner who helped craft GOP presidential hopeful Herman Cain's 9-9-9 plan.