Industry

Two industry veterans have struck out on their own to start a new fixed income broker-dealer firm.

Morningstar honors Bob Goldfarb and David Poppe.

Putnam Investments has promoted Robert Alan to head of North American consultant relations and Keith Thomas to lead its international consultant relations.

Mora, who is vice president and senior relationship manager on the trust side of Bank of the West’s wealth management operation in Newport Beach, Calif., will act as chairman of the board for one year.

Rosenthal had been chief operating officer of Morgan Stanley Smith Barney and head of corporate strategy of Morgan Stanley with responsibility for overseeing the integration of Morgan Stanley Smith Barney since January 2010.

The Depository Trust & Clearing Corporation plans to add a chairman of the board, with separate duties from that of its chief executive officer, Don Donohue.

A dire diagnosis will drive many people into an advisor's office, whether to free up cash for treatment, finally confront the need for an estate plan or update an existing one.

Dave Schrohe joined UBS as chief operating officer of its wealth management solutions team. He came from MSSB's corporate client group.

Edward Plotkin is the new vice president of wealth management services at NB|AZ Wealth Management, part of the National Bank of Arizona.

Tony Davidow is the newly appointed managing director and portfolio strategist at Rydex|SGI.