Industry

The former Wells Fargo executive will command a team of 10 local private bankers in the Hudson Valley and metro New York market.

The firm sold 100% of ownership interests in its asset management and family office units.

The firm previously shuttered a wealth management unit last year that failed to take off despite some high profile hires.

First Midwest Bank's acquisition of $550M Chicago-based RIA is the latest in a string of deals that banks are cutting with advisory firms to expand their wealth management businesses.

Five new advisers managing $464 million joined the regional firm, which now boasts 61 locations.

The acting head of OCIE says the commission has abandoned "wide, full-scope" scrutiny in favor of more targeted, risk-based reviews.

The 17-year industry veteran says organic growth is the biggest issue facing advisory firms.

The firm also recruited an international wealth management team that oversaw $576 million, according to our latest roundup of recent hires and moves.

Keith Rowling ranked No. 2 on the 2016 list of the industry's top young producers.

The independent firm has recruited a number of wirehouse brokers and grown to $3 billion in client assets, according to the company.