Industry

Fieldpoint Private Bank & Trust hired Paul C. Guidone to be its chief investment officer.

Kevin Batterton will run business development and portfolio management

Scott B. David was previously president of Fidelity Institutional Retirement Services.

K. Kenneth Bogosian and teammates David Bogosian and Sean Drewniak joined Wells Fargo Advisors from Morgan Stanley Smith Barney in Providence, R.I. The team had $133 million in client assets and $872,000 in production.

UBS Wealth Management hired Alexander S. Friedman as chief investment officer, while also filling out his team with former White House staff staffer Mona Sutphen and alternative investment manager Mark Haefele.

Pahnke and his team, the Pahnke Wealth Management Group, join from Robert W. Baird.

T. Rowe Price has named Scott B. David director of third party distribution, charged with overseeing distribution, sales and marketing and expanding and deepening the company’s relationships with financial intermediaries in the U.S.

Great-West Retirement Services has hired Adam Blitz as regional sales director for Long Island, a newly created position in which he is responsible for developing 401(k) plan business through brokers, financial advisers, consultants, wirehouses and third-party administrators.

Financial advisors are turning their backs on traditional wirehouses, bank brokerages and independent broker-dealers at rapid pace, according to a new report from Charles Schwab, opting instead for a hybrid model that allows them to serve as both an RIA and a registered rep and expand their pool of potential clients.

The Boston fund company named D. William Kohli, Michael V. Salm and Paul D. Scanlon co-heads of fixed income.