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Perella Weinberg Partners has added former Morgan Stanley executive Michael McGrath as a partner in its asset management group.

Industry veteran Steven M. Short will oversee the wealth management offices in the bank’s footprint, which includes about 15 markets across six states.

The company has nabbed two veteran Morgan Stanley Smith Barney financial advisors for its Dayton, Ohio, branch.

Both are targeting RIAs looking to incorporate guaranteed income products into their independent practices.

Concert Wealth hired Leslie Ferrone to join its Oak Brook, Ill., office.

On May 1, 2012, Retirement Revolution boosted its Northeast sales staff with a new hire.

UBS Wealth Management Americas has hired four financial advisor teams in New Jersey and New York, including three Morgan Stanley Smith Barney teams and one Bank of America Merrill Lynch team. The largest producing team of those hires is the Palumbo, Short, D'Amato & Dixon Group, in Florham Park, N.J. The team, including Richard Palumbo, Robert Short, Robert D'Amato and James Dixon, joins from Merrill Lynch, and had $675 million in assets under management and about $4 million in annual production.

John Thiel of Merrill Lynch points to Apple's innovative marketing

Former B of A executive joins four-person advisory board

Advisors must realistically assess their clients' readiness for life after work.

The managing director and chief investment officer of Merrill Lynch Global Wealth Management discusses her 18 years in the securities business.

Personal experience has prompted one Ameriprise advisor and his team to build an unexpected niche.

On April 30, 2012, Principal Funds added three new hires to its I-O team.

On April 30, MME learned that DST is revamping its sales and marketing units.

BNY Mellon has named PeterPaul Pardi global head of distribution for its Investment Management business.

Christine Gaze has been named the new director of practice management for TD Ameritrade Institutional.

On April 27, BNY Mellon named a new distribution head.

The investment bank announced Thursday that longtime Chairman Eric F. Billings will step down in June and that he will be replaced by the firm's president and chief executive, Richard J. Hendrix.

The Philadelphia-based wealth manager hired David Gaskin as chief operating officer to lead its growth strategy.

Wunderlich Securities has added six Equity Capital Markets professionals from Morgan Keegan. Of the new hires, four are located in Wunderlich’s Memphis headquarters while the other two are in the Institutional Sales Department in New York City.