Industry

With a projected valuation of as much as $100 billion, Facebook’s imminent IPO may portend great things for social media. But many planners feel less bullish about its prospects for delivering investment returns.

Petrone Expands Kasina's Research Effort; Great-West Names Killgore Regional Sales Director; Neuberger Appoints Saltzman Wealth Advisor; Jones Joins CLS in Regional VP of Sales Role

Petrone Expands Kasina's Research Effort; Great-West Names Killgore Regional Sales Director; Neuberger Appoints Saltzman Wealth Advisor; Jones Joins CLS in Regional VP of Sales Role

Keith Johnson is expected to enhance Curian’s practice management platform with new advisor-facing educational content, sales and marketing presentations, tools and resources.

As part of the arrangement, Adams Hall will retain its name and gradually integrate its operations and systems into Mariner’s over time.

Antitrust regulators in Europe stopped the merger of Deutsche Boerse and NYSE Euronext on Wednesday, saying the combined group would have a stranglehold on the listed European futures market and would thwart new entrants.

NYSE Euronext said it would focus on its “standalone strategy,’’ while Deutsche Boerse declared this a ‘black day’ after the European Commission prohibited the merger of the two exchange operators.

Just over three-quarters—76%—of advisors who have recently shifted to an independent business model say they're better off financially, according to a new study by Fidelity Investments. And 64% of those who say they're better off were better off within six months of their move, according to the study.

Merrill Lynch Wealth Management hired Gary L. Burgess to serve as senior vice president, resident director for its Chicago-Monroe office. Burgess most recently served as managing director and regional executive at Deutsche Bank, where he led the firm's Chicago business.

The head of global wealth management for Jefferies & Co. discusses his 31 years in the securities business.