Industry

Schwab announced that since it launched Schwab Advisor University in June, over 5,600 RIA employees from more than 2,500 firms participated in its online courses to help improve firm operations.

Morgan Stanley Smith Barney has revamped the leadership structure for its wealth management business, according to an internal memo sent by the firm’s global wealth management President Greg Fleming.The moves come as MSSB approaches its two-year anniversary of the inception of its business after Smith Barney was purchased from Citigroup, Fleming notes in his letter. It also comes after Fleming was named to his role in January, replacing Charlie Johnston.

With the shift, MSSB has hired J.P. Morgan Chase’s Jeff Hack as chief operating officer.

Raymond James announced Monday that it hired Martin Gelb and Sonya Gelb Choeff. The father-daughter team joined the new Miami Beach branch of Raymond James.

RidgeWorth Investments has hired Robert Zakem as chief compliance officer and general counsel and Joseph O'Donnell as chief compliance officer for RidgeWorth Funds.

The BNY Mellon unit is beefing up its global research offerings for its registered investment advisor, broker-dealer and hedge fund customers.

Sal Naro, who was the former Markit Group executive vice president and Sailfish Capital’s co-founder and managing partner, was also appointed vice chairman of the parent company Jefferson National Financial Corp. and elected to its board of directors.

It's not exactly cats and dogs living together, but a new white paper from Sanctuary Wealth Services surmises that independent advisors and wirehouse brokers could definitely learn a lot from each other when it comes to attracting and retaining clients and would do well to learn from each other's mistakes in the future.

G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp in High Point, N.C.

The Port Jefferson, NY team previously had $1.8 million in annual production and $277 million in assets under management.