Industry

Munder Capital Management has hired Jim Kourkoulakos, a former portfolio manager and co-head of credit research at California Public Employees’ Retirement Service (CalPERS), as a senior portfolio manager for fixed income.

Kristen Pelling has joined Putnam Investments to fill a new role focused on large market defined contribution recordkeeping sales.

Raphael Zagury, Bank of America Corp.’s head of creating derivative investments for wealthy clients at Merrill Lynch, said he resigned.

Increased compliance requirements, regulatory changes, and an aging client base are just some of the obstacles RIAs will face this year, but advisors still see a bright future for their assets under management.

The future of financial planning will be shaped by a dozen key trends. How will these trends affect you and your business?

Mitch Cox, head of wealth management in the Americas at Barclays, has left his position to pursue other interests, a spokesperson for the firm confirmed.

Forbes has compiled its list of the world's billionaires and a few mutual fund executives have made the cut.

The dually registered and registered investment advisor channels were the fastest-growing for assets under management from 2010 to 2011, Cerulli Associates reported today -- but the two are still dwarfed by assets in the wirehouse channel.

Expect improvements in kasina's productivity benchmarking and advisor insights services with the hire of a new product manager.

The three-year-old Tampa-based broker-dealer and RIA has opened a new office in Sebring, Fla., bringing on 17-year Merrill Lynch veteran Kelly Connelly as a financial advisor and first vice president of investments.