Industry

Oppenheimer & Co. has hired three experienced senior professionals to expand the capabilities of its Institutional Equity Derivatives Group’s options desk.

The founder of Veritable, the country’s third-largest RIA, says his firm’s new partnership with wealth management giant Affiliated Managers Group is part of a broader effort to build a business that can last for generations.

Global accounting firm Ernst & Young has expanded its West Coast asset management tax practice with four new hires.

Leslie Christian, former CEO, and CIO of Portland, Ore.–based Portfolio 21 Investments, has left the firm.

Greg Francfort, who most recently served as director of Neuberger Berman’s global equity research team, will be joining the firm’s MLG Group, which manages approximately $7 billion in assets for individuals, institutions and mutual funds.

Affiliated Managers Group acquires the nation’s third-largest RIA and CEO Sean Healey says the Boston-based firm will be looking to make more deals down the road to bulk up its wealth management business.

Sentinel Investments has announced management changes at four of its mutual funds.

Paul Harvey has joined Stifel Nicolaus Weisel's European investment banking team as a managing director in the firm's London office, heading up its European technology practice.

Great-West Retirement Services has appointed Harriet Jacobs regional sales director for its Government Markets business. Jacobs is based in Los Angeles and reports to Brent Neese, vice president of Government Markets.

The uncertainty is ‘unbelievably disruptive’ for advisors at a time when clients are beginning to have more confidence in the markets and investing. Likely candidates to buy could include Cetera and Lincoln Financial, observers say.