Industry

Focus Financial Partners LLC, a firm that has grown by acquiring independent advisor teams across the United States, has hired a former Fidelity Investments director to help advisors transition as it looks to cull more top talent from the nation's biggest brokerages.

Columbus, Ohio-based Beacon Hill Fund Services announced their first customer for its new Advisors Investment Trust product. The product enables multiple unaffiliated registered investment advisors to co-exist in the same registered investment company.

Mann Dagan Now Trustees Of F Squared Investments; Direxion Names Abreu Senior Sales Director

Janney Montgomery Scott adds a pair of financial advisors from Wells Fargo Advisors and Morgan Stanley Smith Barney.

The Seattle-based broker-dealer is winding down. Its legal entity will retain its liability and assets, and D.A. Davidson will not take on its bond inventory.

Securities America promoted Michael Belluomini to regional director of branch office development for the Northeastern region.

New York-based RIA firm HS Management Partners has hired Robert Gebhart as its new senior vice president and senior investment officer.

HSBC Global Asset Management has hired Damion J. Hendrickson as a senior vice president and head of RIA sales.

The Securities and Exchange Commission has joined the U.S. Department of Justice in approving the merger of NYSE Euronext with Deutsche Boerse.

Most logical path to the future growth of wirehouses is through their largest advisor teams.