Industry

The Investment Management Consultants Association appointed Elizabeth Piper-Bach, CFP, as chair of its 2012 board of directors. She leads a slate of four new officers and four new board members for the new term.

Morgan Stanley Smith Barney has hired four new financial advisors from Bank of America Merrill Lynch and RBC Dain Rauscher.

Touchstone Investments and Old Mutual Asset Management have entered into an agreement whereby Touchstone will acquire the $2 billion U.S. mutual fund business of Old Mutual, bringing Touchstone’s assets to nearly $10 billion. The deal will also add several new sub-advisors to Touchstone’s roster of fund managers.

State Street has acquired Complementa Investment-Controlling AG, a Swiss supplier of investment performance measurement and analytics services.

Financial advisor Cheryl Peschke has moved to Raymond James & Associates from Morgan Stanley Smith Barney after finding the firm’s values were a match for her practice.

In our second annual Influencer Awards, Financial Planning honors six advisors whose innovative ideas and wide-reaching work are forging new paths for the planning industry. Here’s an interactive slideshow highlighting this year’s honorees.

Northern Trust has named Marie Dzanis senior vice president and head of exchange-traded fund sales and servicing, in charge of the firm's FlexShares exchange-traded funds unit.

Independent investment and wealth management firm Carson Wealth Management has hired Kevin Zemann as its director of compliance.

Bank of America Merrill Lynch hired Wells Fargo advisor Adam Gurien in Bedminster, N.J. Gurien had $283.3 million in AUM and $3.1 million in annual fees and commissions.

The director of the MetLife Mature Market Institute discusses how financial advisors can best serve baby boomers.