Industry

As sentiment among wealth managers shifts, more capital has become available and companies right-size, banks, trust companies, wealth managers, and bank brokerages that are in a strong position to expand into a new market and acquire new units, will do so. But it is also the moment when companies without the capital-and stability-will get left behind.

The fund giant may replace the former president with two executives.

The Securities and Exchange Commission task force on hedge funds, buyout funds and mutual funds is looking to hire five fund managers, chief operating officers or executives with “direct exposure to trading and operations,” according to a help-wanted ad it placed last month. The SEC has also retained executive search firm Korn/Ferry International.

A new role for the former FIMRA executive at a New York law firm, executive changes at Evercore, and more.

Fidelity helped 50 brokers breakaway in the first quarter. The challenge is helping them remain independent.

The gap between advisors and clients when it comes to what each thinks are the risks in retirement is vast.

Robert Manning will be promoted from CEO and CIO at the end of the year.

Dealmaker was involved with Pfizer purchase of Wyeth

Moelis & Co. said on Tuesday it hired John Collins, a general industrial company specialist, as a managing director.

Company expects $10 million in production within a year from the region. It also wants to enter the Rocky Mountain and Mid-Atlantic regions.