Industry

Two former Scott & Stringfellow advisors with $175 million in assets have moved to Hilliard Lyons.

Zero Alpha Group, an alliance of independent advisory firms, is zeroing in on the next generation of members’ prospective leaders. The group has formed the Zero Leadership Institute, hoping for positive results.

Goldman Sachs says it will begin publishing values of the assets held in its money market mutual funds in the United States on a daily basis.

DoubleLine Capital ended 2012 with more than $50 billion in its coffers. But the three-year-old bond shop is not resting on its laurels.

Changes in the independent advisory industry, shifting demographics and advances in technology make the ability to communicate your value critical to your success, according to Tom Nally, president of TD Ameritrade Institutional.

Net income advanced to a record $5.09 billion, or 91 cents a share, from $4.11 billion, or 73 cents, a year earlier.

Principal Funds is expanding its sales team with a new position.

Financial advisor Andrew Ryan of Deutsche, who lands at number 28 on this year’s list, says that anticipating volatility while working with his venture capital and private equity clients has been imperative in recent years.

A former director of branch business development at Janney Montgomery Scott has moved to City Securities Corporation.

Virtus Investment Partners is buying a 24% stake in Kleinwort Benson Investors International, Ltd., a wholly-owned subsidiary of Kleinwort Benson Investors, which provides specialized equity strategies primarily to institutional investors.