Industry

What summer doldrums? Focus Financial Partners, one of the country’s largest RIA aggregators, has made its second major deal in two weeks and fifth of the year, boosting its total assets to over $60 billion spread over 27 firms.

Fewer RIAs this year are in the mood to sell thanks to stable growth in the markets.

The investment bank, founded by former U.S. Deputy Treasury Secretary Roger Altman, hired Jewelle Bickford as a partner in its wealth-management unit.

The 15th largest independent broker-dealer in the country, National Planning Holdings, continues to grow in size.

ICI President and CEO Paul Schott Stevens issued a congratulary statement after the U.S. Senate confirmed Kara M. Stein and Michael S. Piwowar as Commissioners at the Securities and Exchange Commission.

UBS Wealth Management Americas has added a former Morgan Stanley advisor with $600 million in assets.

A former Deutsche Bank Securities advisor with over $2 million in production has jumped to Morgan Stanley.

The latest Focus catch is a big one: Southfield, Mich.-based Telemus Capital Partners, which provides investment management, financial planning, retirement and estate planning, life insurance and tax consulting to nearly 600 clients across the country. The firm has more than $2.2 billion in client assets.

Wedbush has expanded its operations in Southern California with the addition of a former Morgan Stanley advisor to its Newport Beach, Calif., office.

After just a few months of running his solo practice, advisor Dave Grant has run into a good problem: how to manage a growing list of prospective clients.