Industry

After a $1.9 million loss in the fourth quarter, Southwest Securities' retail group reeled in a $319,000 profit for the first quarter of its fiscal year.

Peng Chen, current chief executive officer of Dimensional Fund Advisors’ Asia (ex-Japan) subsidiaries and Chairman of Dimensional SmartNest (Dimensional Retirement), is adding another title to his resume.

Industry veteran Nicolas Seigal joins RBC’s international wealth unit as branch manager in Miami.

Jeffrey Carney may be looking for new digs and a new gig.

UBS Wealth Management Americas has picked up a trio of Morgan Stanley Wealth Management advisors, as Morgan Stanley has snapped up a new advisor from Chase Investment Services.

The regulatory overhaul put in place by the Dodd-Frank Act of 2010 has dramatically reshaped the compliance landscape for investment advisors, with more small firms moving to oversight at the state level, while many large, private fund advisors now find themselves under the purview of the SEC, according to a new survey of advisors.

The firm hit $19.9 billion in AUM in the third quarter of 2012, an 18% jump from $16.8 billion in the third quarter last year. Most of the increase came from new client inflows.

In addition to the launch of its latest SRI fund, Bethesda, Md.-based Calvert Investments has also announced today the hiring of Amy Mathis as its new director of relationship management.

“Advisors have been told that it’s the name of the firm on the business card that’s important to clients,” he said, “so their clients won’t follow them if they go independent. We have found that it’s the advisor-client relationship that’s important, not necessarily the name of the firm.

Approximately 300 advisors affiliated with independent broker-dealer Symetra Investment Services, based in Bellevue, Wash., now have access to a Envestnet's online tools, including aggregated reporting capabilities.