Industry

Wells Fargo Advisors hired a father-son advisor team in Oak Brook, Ill. from UBS Financial Services. Robert Iorii, Sr. and Robert Iorii, Jr. , who joined on Oct. 14. Iorii Sr. oversaw $49.83 million in client assets and had $617,219 in annual fees and commissions. His son had $99.65 million in client assets under management and $1.26 million in annual production.

Almost 30% of households with more than $5 million to invest are using four or more advisors.

The head of Merrill Lynch U.S. Wealth Management and the Private Banking and Investment Group discusses his 22 years in the securities business.

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.