Industry

What if you could outsource all of the burdensome administrative tasks and focus on growing your bottom line? Convergent Wealth Advisors has introduced a program with that in mind.

Neuberger Berman has appointed Hirofumi Gomi, former commissioner of the Financial Services Agency (FSA) of Japan, as executive adviser of its East Asian operations, effective March 1.

In an effort to expand its “investment abilities in international equity markets”, Fred Alger Management has hired a team of experts from Allianz Global Investors, the New York-based firm announced Tuesday.

Forbes has compiled its list of the world's billionaires http://www.forbes.com/billionaires/ and a few mutual fund executives have made the cut.

Call it a generation-skipping succession plan. When 62-year old industry veteran John LaPann decided it was time to hand over the reins of Federal Street Advisors, observers may have expected his successor would emerge from the ranks of firm veterans now in their 50s, but instead the firm chose some younger leaders.

Robert Stevenson, a 14-year veteran of Northern Trust Co., will provide high-net-worth clients with integrated investment services.

CIC Wealth Management, a Maryland-based RIA, plans to grow by targeting single and divorced women as clients.This demographic currently represent about 35% of the $300 million firm's client base, but could its plans to increase that percentage significantly be thwarted by the fact it only has one female advisor?

It's been two years and a half since Scout Investments purchased Columbus, Ind.-based fixed income shop Reams Asset Management. Now it's ready to buy more.

LPL’s highly publicized outsourcing effort will cost the company between $70 million and $75 million over the next three years, but will result in annualized operational savings of $30 million to $35 million beginning in 2015, according to Dan Arnold, its chief financial officer.

South Korea-based Mirae Asset Global Investments has just named to its US subsidiary, Mirae Asset Global Investments (USA), a new chief executive officer, president and chief operating officer, effective immediately.