Industry

Northern Trust has named Marie Dzanis senior vice president and head of exchange-traded fund sales and servicing, in charge of the firm's FlexShares exchange-traded funds unit.

Independent investment and wealth management firm Carson Wealth Management has hired Kevin Zemann as its director of compliance.

Bank of America Merrill Lynch hired Wells Fargo advisor Adam Gurien in Bedminster, N.J. Gurien had $283.3 million in AUM and $3.1 million in annual fees and commissions.

The director of the MetLife Mature Market Institute discusses how financial advisors can best serve baby boomers.

Schwab Advisor Services is launching a multi-million dollar marketing and education campaign aimed at promoting the registered investment advisor (RIA) sector in an effort to differentiate the channel from other, more traditional models in the eyes of affluent investors.

Cantor Fitzgerald named Jeffrey Lumby as its head of equity capital markets where he’ll be continue to oversee the firm’s Controlled Equity Offering product as well as a variety of equity linked origination and execution responsibilities on behalf of the firm’s clients.

Last week’s deal between The Colony Group and Focus Financial Partners is just the latest in what’s turned out to be a very busy merger and acquisition period for registered independent advisor firms. Here's a look at this year's five-largest deals:

While it’s still unclear as to whether The Colony Group and Focus Financial Partners union announced last week is the largest merger by assets under management completed in the RIA space so far this year, one thing is certain: the deal is sophisticated and accomplishes strategic and financial goals for both firms at the same time.

As Bank of America Merrill Lynch continues to streamline its business, it has created a new global wealth and retirement solutions organization, said Andrew Sieg, who heads the new unit, in an internal memo to employees on Friday.

Orion Advisor Services unveiled the latest release for it Advisor Desktop portfolio management suite for RIAs on Monday with new features designed to make it easier for advisors using the primary database management tool to rebalance their clients’ portfolios and create tax efficient strategies at the household level.