Industry

Advisor Group names Jerry Murphy as president and chief executive officer of Atlanta-based FSC Securities, the company announced on Monday.

Tom Steinert-Threlkeld

Bank of America will lay off at least 3,500 employees in the next few months.

In its attempt to deliver additional quality buy-and-hold alternative investments to investors, Direxion has hired Edward Egilinsky as managing director, head of alternative investments.

HighTower Advisors continues its roll-up expansion strategy with the hiring of Greycourt & Co. financial advisor Margaret M. Towle, who previously oversaw $1 billion in client assets.

In its attempt to deliver additional quality buy-and-hold alternative investments to investors, Direxion has hired Edward Egilinsky as managing director, head of alternative investments.

Raymond James & Associates has snapped up a father and son Bank of America Merrill Lynch financial advisor team who previously oversaw $114 million in client assets.

Ladenburg Thalmann Financial Services will acquire Securities America, the embattled, independent broker-dealer subsidiary of Ameriprise, for an initial payment of $150 million in cash, according to a company statement released Wednesday morning.

The securities industry added 4,000 jobs across the United States in the second quarter, according to the Securities Industry and Financial Markets Association.

Broadridge has named Stefanie Shelley, a longtime financial services marketing veteran, chief marketing officer. Shelley had been a marketing consultant for the firm since August 2010.