Industry

Legg Mason announced that it has appointed Dennis M. Kass, an industry veteran, as non-executive Chairman of the Board.

Highland Capital Management had a rough ride after the 2008 crisis, logging four years of outflows from its funds. In June 2012, ING and Ivy funds alum, Brad Ross, wasbrought onboard as president.

Most advisors continue to check in with phone and email messages and continue to do some work even while on vacation. Dave Grant shares the steps he took to completely cut himself off from work for a family vacation.

A replacement for Federal Reserve Chairman Ben Bernanke will not be named by President Obama until this fall according to a senior White House official.

George Crosby, the former head of HSBC’s Brazil team, will oversee all activities covering the Latin American markets in the U.S.

Ameriprise’s wealth management earnings rose 37% as its fee-based businesses continued to drive up results in 2Q.

Many advisors are eager to find new clients, but not sure where to start. Dave Grant says prospective clients can turn up anywhere.

Advisors have some more competition brewing in the still-nascent online planning world.

A 33-year financial services industry veteran from Southern California has been elected to serve as 2014 Chair-elect of the CFP Board of Standards’ Board of Directors.

Broker-dealer Waddell & Reed has recruited six new financial advisors, for a total $141.4 million in new assets under management.