Industry

idelity Investments has named Scott Couto as the new president of its Financial Advisor Solutions unit, where he will oversee the firm's product suite, investment consulting services, product analysis and marketing endeavors.

A disability in the family will have a major impact on a client's financial mindset. And some advisors aren't even aware of the situation.

Bank of America Merrill Lynch hired Morgan Stanley Smith Barney advisor David Massey for its Carlsbad, Calif. office. He placed eighth on On Wall Street's top 40 Advisors Under 40 last year.

UBS Wealth Management Americas has hired two financial advisors from Oppenheimer & Co. to its Boca Raton, Fla. office.

Richard Frick joined Morgan Stanley Smith Barney as Philadelphia complex manager last week replacing Frank LaRosa, who was terminated in May.

First Republic Bank this week named Dale Smith as the new managing director of the private bank and wealth management firm's San Diego office.

While many asset managers continue to fail to connect meaningfully with registered investment advisors, many are turning to such digital media as micro websites, social media and mobile applications, according to a new report from Financial Research Corp., “Winning Strategies for Marketing and Distributing to the RIA.”

Greg Williams, who has served at Raymond James for 17 years, will now serve as senior vice president and managing director of the Private Client Group administration.

Anthony DaCruz, formerly at RBC Capital Markets, has joined Morgan Stanley Smith Barney’s West 52nd Street branch as a financial advisor.

Brokerage firm Benjamin F. Edwards & Co. has staffed its new Chattanooga, Tenn. office with nine new hires, many from Wells Fargo Advisors, while also adding a Morgan Keegan veteran to its Texas team.