Industry

The organization will becgin a national search for the next CEO/executive director spearheaded by a search committee that was formed after receiving Turf’s letter in early October.

A career advisor with three-and-a-half decades of experience, Karl Rothermund has left Morgan Stanley for Raymond James in Scottsdale, Ariz.

After arming certain financial advisors with new designations aimed at winning more 401(k) consulting business this year, Bank of America Merrill Lynch says that that bet is paying off.

Beacon Pointe Wealth Advisors announced the addition of its third advisor partner, $130 million AUM RIA Wealth Management Network of Newport Beach, Calif. today. This marks the third deal in the last year and a half for national advisory partnership firm BPWA.

So, you are working in a wirehouse now, how does independence look for you if you launch your own RIA?

Just as the cobbler's children go without shoes, two-thirds of independent advisors ignore succession planning. Such advisors could fall into an “annuity trap,” watching the value of their business degrade as they near the exit from their practice.

LPL Financial has added well-known wealth management firm MACRO Consulting of Parisippany, N.J., with $650 million in AUM and five advisors, who left independent broker dealer SII Investments for its larger rival.

Another seemingly ho-hum Friday just got a lot more interesting in the mutual fund world.

Broadridge Financial Solutions has made two executive appointments to fill out its management team.

The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.