Industry

Mark Schoenbeck’s career - and his life – has come full circle.

The Palm Beach Gardens, Fla., investment advisory firm bought Weiss Capital Management Inc, an independent registered investment advisory firm.

Four came from UBS, two from independent shop Ingalls & Snyder, one from Chase Investment Services.

Eileen Rominger joins the securities regulator after spending the past 11 years working as the global CIO for Goldman Sachs Asset Management (

According to a company memo, “a big driver of [Morgan Stanley's] future success will be the continued build-out of our sales and trading platform and, in particular, our strategy and footprint in fixed income."

Louis Fugazy has been promoted from national accounts manager to associate publisher of Money Management Executive and Asset Securitization Report.

An analyst said the changes comes at a critical phase for the firm, as it continues to absorb that merger and looks ahead to possible increased investor interest this year

Greg Fleming to take his place and become head of MSSB Wealth Management

As the broker-dealer community changes, dealing with through-the-floor commissions and the ballooning costs of compliance and back-office management, so must Firm58.

In an effort to develop jumpstart its exchange-traded fund business, Russell Investments announced Wednesday it plans to buy U.S. One Inc., a registered investment advisor and ETF provider.U.S. One is the investment advisor to the One Fund, an ETF traded on the New York Stock Exchange that provides exposure to 95% of the world’s stock markets with the objective of long-term investment growth.