Industry

An increasing number of advisor teams are transitioning to the fully independent registered investment advisor model from independent broker dealers, according to a Charles Schwab Advisor Services survey, which found a 45% increase in 2010 compared to 2009.

Zachary Gronich, founder and chief executive of RIA in a Box, has seen his consulting company quickly grow bigger than he expected.

Rauchle previously was founder and president of Wells Fargo Alternative Asset Management.

U.S. Bank Wealth Management has hired Daniel J. Rauchle as head of investment management in its Ultra High Net Worth Group. In this role, he is in charge of portfolio construction, asset allocation, manager due diligence, risk management and investment communication.

Great-West Retirement Services has appointed Scott T. Waite as regional sales director for 401(k) plans in the metro Detroit and western Michigan market. Waite reports to Scott Barnett, regional vice president.

Elizabeth MacLean and Jason Duko will work at the firm's Newport Beach, Calif., headquarters.

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

Jason Schlesinger comes to Baird after three years at Wells Fargo and eight years at Bank of America Investment Securities.

Several years ago, Grant Rawdin passed on the chance to become a charter shareholder in National Advisors Trust, a trust company owned by a registered investment adviser and designed to serve advisers nationwide.