Industry

Helen Nugent, an 18-year veteran of Northern Trust, oversees a team of five sales directors across a six-state region and will drive regional professional recruitment efforts.

A recent round of hires includes one Wells Fargo advisor with over $1 billion in assets under management.

The turnkey asset management platform taps executives with experience at Fidelity, Schwab and Russell Investments.

The firm advises 119 families and has $540 million in assets under management.

Two former Morgan Stanley advisors with approximately $1 billion in assets have jumped to RBC in New York.

A pair of the country’s largest independent broker-dealers are the first firms to get the new recognition.

Goldman Sachs Asset Management(GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management(DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013

Securities and Exchange Commission Chair Mary Jo White met with leaders of the equities and options exchanges, FINRA, DTCC and the Options Clearing Corporation following the August 22 interruption in the trading of NASDAQ-listed securities.

Five former Merrill Lynch advisors with $900 million in assets have jumped to Janney in Connecticut.

The Swiss Bank is reviewing loans issued to clients in Puerto Rico. One brokerage customer said he was given credit to buy risky bond funds holding the island’s government debt.