Industry

Credit Suisse this week added Barbara Reinhard as the new managing director and chief investment strategist of its Private Banking Americas group.

Fidelity Investments has promoted Derek L. Young from chief investment officer to president of the asset allocation division. He succeeds Boyce L. Greer, who recently became head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis Global Advisors. Young now reports to Greer.

Private equity firm Warburg Pincus has acquired a majority stake in The Mutual Fund Store as well as a minority stake in Summit Partners, which invested in The Mutual Fund Store in 2006.

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.”