Economy

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, named Rich Hunter president and chief operating officer on Friday and also announced new affiliation models for its nearly 1,500 financial advisors.

Payden & Rygel is looking to tap into the broker dealer channel with a new partnership.

Sean E. Ekiert has joined Raymond James as a managing director in Richmond, Va.

Financial Planning released its annual list of the largest independent broker-dealers in June. Here's a list of the top 28 smaller firms based on revenue.

LPL hired Michelle Oroschakoff as chief risk officer and managing director.

The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones.

Advisors are wary of BNY Mellon's plan to provide private banking services to RIAs.

With the multitude of challenges confronting investors today, consumers need financial advice more than ever before. But advisors must first capture their attention and engage them. Steve Dowden says advisors need to build a platform to shout their message from.

Stifel nabbed two UBS advisors and opened a new office in Tampa, Fla.

UBS Wealth Management Americas has picked up a financial advisor from regional wealth management firm Hilliard Lyons with $475 million in assets under management.

Are you a wirehouse advisor with at least $93 million in assets under management? Then you are the kind of advisor asset management distributors most want to reach.

Wall Street has contributed less than 2% of New York City’s job growth since the recession ended as cost-cutting efforts have led banks to replace fewer positions than other businesses.

Morgan Stanley Wealth Management has tapped rival wirehouses UBS and Wells Fargo for four advisor hiress with $475 million in client assets under management and $4.5 million in production.

Art Tambaro, president and CEO of Royal Alliance Associates, (left) one of four independent broker-dealers owned by AIG’s Advisor Group, will retire at the end of the year. He will be replaced by Dmitry Goldin, a member of Royal’s senior leadership team for the last decade.

After more than four years with LPL, veteran independent broker-dealer marketing executive Marissa Fox Foley has joined First Allied Securities in a newly created role as senior managing director of marketing.

Like any good advisor, Dave Grant has some tasks he is happy to handle, and other things he needs to outsource. How do you determine one from the other?

The firm appointed Alynn Eubanks, who will be responsible for overseeing the advisory platforms.

Janney has expanded its operations in Washington, D.C. with a two-man team overseeing $142 million in assets.

John Hallacy, a 35-year industry veteran, is retiring as head of municipals research at Bank of America Merrill Lynch, he confirmed late Monday.

Part strategist and part cheerleader, Stephen Viets is a three-time Top 10 branch manager. Viets says that the job also requires a diplomat's tact. "It's all about handling insecurities and misunderstanding," he says.