Economy

LPL is making big changes among its top executives.

The $825 million community bank has selected Infinex Financial Group as its new broker dealer.

Since 2008, U.S. Bank has recruited talent from rival firms to lead various regional units of its business. The investment seems to be paying off, as revenues have inched up over the last year.

Bill Dwyer, a 20-year LPL veteran and its president of national sales, is retiring from the independent broker-dealer, according to sources familiar with the situation.

In its second big recruiting move of the year, HighTower has picked up a former branch manager from Morgan Stanley.

“Wall Street is still in transition, but is slowly adjusting to changes in its economic and regulatory environment,” the state CFO said in a Feb. 26 announcement. “Profits and bonuses rebounded in 2012, but the industry is still restructuring.”

A new North Carolina office helps spur the firm’s push into Southeastern markets.

Five advisors with a combined $500 million in assets have joined Baird from Morgan Stanley and Wells Fargo.

Almost a year after Raymond James purchased Morgan Keegan, the integration has passed its last major milestone, which means the end of the venerable Morgan Keegan brand. The final integration will make Raymond James one of the largest brokerage firms behind the four wirehouses with almost 6,300 advisors in its brokerage, roughly 900 of whom come from Morgan Keegan.

Merrill Lynch Wealth Management has lured five advisors with $619 million in assets and about $2.9 million in production in its latest move in the hunt for advisory talent.

U.S. Bank wants to take the business of serving the ultra-wealthy to a higher, “experiential level.”

Dynasty Financial announced Monday that Octagon Financial Services, a McLean, Va., registered investment advisor that specializes in working with professional athletes, is now using Dynasty's open-architecture wealth management services and technology platform.

This year’s top three regional advisors have risen through the ranks through a combination of ambition and diligence. Check out who made the list and what has inspired them.

Merrill Lynch financial advisor Erik Bjerke, number one on the Top 40 Under 40 list, credits his efforts to give back to his team and clients for enabling his career to flourish.

Multi-family offices and wealth advisors are registering solid revenue growth, according to a new report from Chicago-based Family Office Exchange. But they also face “operational challenges” going forward.

The boutique wealth management firm extended its reach on the West coast with a new Seattle office.

Morgan Stanley Wealth Management has snapped up a three-member team from Merrill Lynch with $1.3 million in production in the firm’s latest acquisition in its hunt for new advisory talent.

The regional firm expanded its presence in North Carolina with a new office and a $165 million team from Merrill Lynch.

Steven Prediletto of Merrill Lynch says he was first impressed by the financial advisory industry from observing his aunt, also an advisor, when he would spend his summers visiting New York while he was growing up in the 1980s.

Bank of America Merrill Lynch saw record new financial benefit plan assets in last year as it plans to strengthen that growth with a bigger push into the investment bank in 2013.