Industry

Nelson Roberts Investment Advisors this week closed its first RIA acquisition, picking up San Francisco Bay Area-based Sylvan H. Kline Jr. Inc. to bring its total assets under management to more than $275 million.

Brokers and financial advisers looking to make more money and have more control over the type of clients they serve and the investments they recommend continued to flood the independent channel at a swift pace in 2010, according to a new Broker and Advisor Sentiment Index survey conducted on behalf of Fidelity Investments.

Dynasty Financial has an ambitious plan to expand its advisor network to between 100 and 150 top-tier RIAs with total assets under management of around $50 billion over the next five years.

The Depository Trust & Clearing Corporation said it named former Citigroup operations and technology chief Robert Druskin chairman of its board. Donald F. Donahue remains chief executive officer.

The company has appointed a new complex director in Dayton, Ohio, and added four new financial advisors in Beverly Hills and San Francisco.

Hires Stuttard as the office’s first fixed income portfolio manager.

Curian Capital has hired Mike Petko as divisional vice president, in charge of distribution efforts in the Eastern region. In this position, he will oversee a team of Curian's regional business consultants.

Dan Rebmann joined UBS in March after serving for almost 13 years at Merrill Lynch.

On a nationwide basis, unemployment and jobless-claims data have slowly improved. But the metrics vary widely from market to market and, complicating matters, many bank operations, even those of regionals, straddle strong and weak markets.

It is imperative to understand what women want, which can be summed up in one word: relationship. Studies show that intrapersonal, relationship-driven factors are key to overall satisfaction.