The board of Raymond James Financial confirmed February 19 that Paul Reilly will succeed Tom James as CEO on May 1, as announced by the company in March 2009; Reilly became president of the company in May 2009
? Fidelity Institutional Wealth Services (FIWS) said that Scott Dell’Orfano, currently VP and head of sales, will assume the additional duties of overseeing FIWS’s relationship management team. He will continue to report to Michael Durbin, president of FIWS. Bobbi Masiello, a 24-year Fidelity veteran who most recently led Fidelity’s strategic client relationship and emerging client management and sales segment, has been named executive VP of relationship management for National Financial. Ron Fiske, the former Pershing executive who joined Fidelity Institutional in May 2008, will now oversee investment product management for Fidelity’s hybrid clients at both FIWS and National Financial
? LPL Financial said that Derek Bruton, national sales manager for its custodial arm–Independent Advisor Services (IAS)–has also been appointed a managing director of the company, continuing to report directly to Bill Dwyer, president, national sales and marketing for LPL. He now has oversight for business consulting and business development for all independent advisors and RIAs, as well as financial planning services.