Industry

Putnam Investments has added three new DCIO Investment Specialists to bolster its sales effort in the 401(k) market.

Russell Investments has appointed Andrew Scherer as director of defined contribution, intermediary distribution for the firm’s U.S. advisor-sold business, which sells mutual funds and other multi-asset products to DC recordkeeping platforms, retirement plan sponsors and retirement plan advisors.

Royal Alliance is adding wealth management firm JLTD Advisors of Chicago and Integrated Financial Group of Salt Lake City to its hybrid platform.

Jonathan Gabriel, the former COO of MDS Bankmart, once the largest third-party marketing firm for banks, has joined Kehrer Saltzman & Associates as a senior associate.

Advisors rule the financial services industry for now -- but keep an eye on direct-channel “self-serve” distribution, Chip Roame said Tuesday at his firm's semiannual CEO Summit.

Company employees will head into the field next week to woo about 850 advisors from two broker-dealers that Cetera intends to acquire from insurer MetLife, says Cetera Financial Group CEO Valerie Brown.

OppenheimerFunds has named Mark Hamilton chief investment officer, Asset Allocation, effective April 8.

In its continued push for another year of growth, JHS Capital advisors has expanded its Pacific Northwest presence.

LPL Financial announced Tuesday that Ryan C. Parker has joined the firm as executive vice president of investment and planning solutions.

Janus Capital Group has appointed Enrique Chang chief investment officer of equities and asset allocation.