Industry

Wedbush has expanded its Southern California presence with a 40-year industry veteran.

UBS AG, Switzerland’s largest bank, agreed to pay $120 million to settle claims by investors in Lehman Brothers Holdings Inc. securities in a lawsuit tied to the investment bank’s 2008 collapse.

ING U.S. Investment Management has appointed Bas NieuweWeme as Managing Director and Head of Institutional Distribution. NieuweWeme, will oversee the institutional business, setting strategic direction across U.S. and international sales, consultant relations, RFPs, client service and relationship management. He will report to Shaun Mathews, Executive Vice President and Head of the Client Group.

Work-life balance can be difficult to achieve for some. While working on a family vacation, new solo advisor Dave Grant began to wonder if he was addicted to work. Are you?

Private Advisor Group, the largest branch of LPL Financial, has hired Abby Salameh as part of the unit’s senior executive team as it expands its advisory services.

Private Advisor Group, the largest branch of LPL Financial, has hired Abby Salameh as part of the unit’s senior executive team as it expands its advisory services.

The two firms signed off on a deal that creates one of the largest regional brokerages on the West Coast by headcount.

First came the big airline mergers. Now two Dallas RIAs that focus on airline pilots have combined as well.

State Street Corporation named Roger M. Stein chief analytics officer for State Street Global Exchange.

Citi named two senior managers from rival institutions directors and ultra-high-net-worth private bankers.