Industry

FINRA CEO Richard Ketchum praised one SEC commissioner for floating a new proposal to beef up examinations of the RIA industry independently of Congress.

City National Bank hired five wealth management pros in its private client group in California’s central coast region.

The firm lures three separate teams who manage a total of more than $500 million in client assets.

The 'very, very conservative' company is looking for niche deals, not major acquisitions, said CEO Paul Reilly.

UBS grabbed a former Merrill Lynch advisor who managed $500 million in client assets.

Ben Pace, Deutsche Bank AG’s chief investment officer for wealth management in the Americas, is leaving, according to two people with knowledge of the matter.

The contentious issue of harmonizing fiduciary responsibilities remains high on the agency's to-do list, though a timeframe for when a proposal might materialize is far from certain.

Benjamin F. Edwards snapped up four advisors from Wells Fargo and opened a new office in Pensacola, Fla.

Formerly affiliated with MassMutual Financial Group, Joe Esposito and Keith Kiker will bring more than $150 million in client assets to Commonwealth.

The board offered individual counsel to NAPFA members in violation of board rules, an ongoing conflict without imminent resolution.