Industry

RBC Capital Markets plans to announce Wednesday that Francisco Gonzalez has joined its municipal finance group to focus on large issues.

James Kern joins the firm from JPMorgan, where he was a senior member of the financial institutions group.

Thomas Hirsch will oversee financial advisors serving clients across Kentucky while also serving his own clients as a senior vice president of investments.

The Stamford, Conn., based company, which has $6.5 billion in assets under management, opened Chilton Trust Management LLC in Palm Beach, Fla., to provide full-service, private wealth management services including: asset allocation advice and portfolio management.

Affiliated Managers Group has selected Sean Healey, the Boston-based company's president and chief executive officer, to succeed William Nutt as chairman at the beginning of next year. Nutt will remain on the company's board of directors.

Company board meets to discuss continuity issues in wake of Benmosche cancer diagnosis.

Most advisors segment their clients books, but few do so systematically, according to a Schwab practice management expert.

It is one thing for investment fund providers to talk about the expanding number of investment opportunities overseas. When a heavy hitter like BlackRock’s iShares appoints a strategist to cover foreign markets, however, it says the industry has developed a solid worldview on investing.

Phantom stock unit plans may be the answer for principals who want to retain key advisors without losing control of the business.

Barclays Wealth announced Wednesday that it hired a former Deutsche Bank executive to run its Washington, D.C. office.