Industry

Motif Investing, the Silicon Valley-based online brokerage firm that pioneered ideas-based investing, launched a new class of products that will allow RIAs to construct their own collection of stocks or ETFs online, and receive a royalty whenever people buy them, according to a statement.

Accountants who want to offer wealth management services for clients can benefit from a knowledgeable partner, and that’s what Paul Saganey, president of Integrated Financial Partners, hopes to provide.

Julie Castle will succeed George Feiger as CEO of Contango Capital Advisors, Zions’ wealth management subsidiary.

In its second big recruiting move of the year, HighTower has picked up a former branch manager from Morgan Stanley.

“Wall Street is still in transition, but is slowly adjusting to changes in its economic and regulatory environment,” the state CFO said in a Feb. 26 announcement. “Profits and bonuses rebounded in 2012, but the industry is still restructuring.”

Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, has named Christopher Kelleher has been named senior managing director and head of institutional asset management.

BlackRock, the world’s biggest asset manager, replaced portfolio managers at funds including those that invest in energy as it seeks to improve performance at actively run products.

A new North Carolina office helps spur the firm’s push into Southeastern markets.

Three American Century Investments portfolio managers are popping the champagne after their latest promotions.

Five advisors with a combined $500 million in assets have joined Baird from Morgan Stanley and Wells Fargo.