Industry

UBS Wealth Management Americas has hired two financial advisors from Oppenheimer & Co. to its Boca Raton, Fla. office.

Richard Frick joined Morgan Stanley Smith Barney as Philadelphia complex manager last week replacing Frank LaRosa, who was terminated in May.

First Republic Bank this week named Dale Smith as the new managing director of the private bank and wealth management firm's San Diego office.

While many asset managers continue to fail to connect meaningfully with registered investment advisors, many are turning to such digital media as micro websites, social media and mobile applications, according to a new report from Financial Research Corp., “Winning Strategies for Marketing and Distributing to the RIA.”

Greg Williams, who has served at Raymond James for 17 years, will now serve as senior vice president and managing director of the Private Client Group administration.

Anthony DaCruz, formerly at RBC Capital Markets, has joined Morgan Stanley Smith Barney’s West 52nd Street branch as a financial advisor.

Brokerage firm Benjamin F. Edwards & Co. has staffed its new Chattanooga, Tenn. office with nine new hires, many from Wells Fargo Advisors, while also adding a Morgan Keegan veteran to its Texas team.

Wasatch Advisors has named Eugene “Gene” Podsiadlo director of mutual funds.

DST Systems has signed a definitive agreement to acquire ALPS for $250 million in cash.

Russell Investmentshas promoted Len Brennan to president and chief executive officer, succeeding Andrew Doman, who is now chairman of the board.