Industry

Former Special Agent Daniel D. Roberts will lead investigations into various forms of insurance fraud, including arson schemes for Rehmann’s governmental investigations and compliance for the firm’s corporate investigative services.

Wells Fargo Advisors has hired four new financial advisors overseeing about $568 million in customer assets in Michigan.

HighTower Advisors has hired two Washington, D.C.-based Bank of America Merrill Lynch financial advisors who previously oversaw more than $1 billion in client assets.

Bank of America Merrill Lynch has tapped its rival wirehouse firms with the hiring of seven new financial advisors representing $813.14 million in client assets under management.

Credit Suisse this week added Barbara Reinhard as the new managing director and chief investment strategist of its Private Banking Americas group.

Fidelity Investments has promoted Derek L. Young from chief investment officer to president of the asset allocation division. He succeeds Boyce L. Greer, who recently became head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis Global Advisors. Young now reports to Greer.

Private equity firm Warburg Pincus has acquired a majority stake in The Mutual Fund Store as well as a minority stake in Summit Partners, which invested in The Mutual Fund Store in 2006.

idelity Investments has named Scott Couto as the new president of its Financial Advisor Solutions unit, where he will oversee the firm's product suite, investment consulting services, product analysis and marketing endeavors.

A disability in the family will have a major impact on a client's financial mindset. And some advisors aren't even aware of the situation.

Bank of America Merrill Lynch hired Morgan Stanley Smith Barney advisor David Massey for its Carlsbad, Calif. office. He placed eighth on On Wall Street's top 40 Advisors Under 40 last year.