Cetera Financial Group announced the addition of two executives as part of a strategy to develop and launch enhanced fiduciary solutions for retirement plan advisors, plan sponsors and plan participants.

Adeline Wong was hired as vice president of Cetera’s retirement plan fiduciary programs and Drew Russell as program manager in the Retirement Plan Solutions group within Cetera.

In Wong’s new role, she will focus on managing and expanding Cetera’s plan-focused fiduciary programs, in order to accommodate a significant anticipated increase in demand for such programs among retirement plan advisors following initial implementation of the Department of Labor fiduciary rule. 

Previously, Wong, who has 25 years of experience in the retirement plan industry, served in a number of management roles at LPL Financial, most recently as vice president at LPL Financial Retirement Partners.

Within the Cetera Retirement Plan Solutions group, Russell will oversee the execution of retirement plan DOL policies, as well as the design and management of participant engagement strategies. Prior to joining Cetera, Russell served in a number of roles at The Standard, including a leadership position with the company’s new client conversions group. 

HighTower Adds Team in Georgia

HighTower announces the launch of Hill Wealth Management. The team – led by managing director and wealth manager Andrew Hill – oversees $260 million in Alpharetta, Georgia, and transitioned to HighTower from SunTrust.

“HighTower’s commitment to the fiduciary standard aligns with our team’s values and the way we approach serving our clients,” Hill said in a statement. “It was unequivocally the right place to launch Hill Wealth Management.”

This is HighTower’s 22nd transaction for 2017.

“The HighTower platform, brand and culture are purpose-built to serve fiduciary-minded financial advisors,” said Kimberly Papedis, managing director and head of national sales and platform strategy at HighTower. “2017 is our biggest year ever for growth, and we extend a warm welcome to Hill Wealth Management and their clients as they join our community.”

Janney Expands Into Tennessee, Adds 4 Advisors

Janney Montgomery Scott LLC, headquartered in Philadelphia, announced the opening of a new Franklin, Tennessee, branch office and the addition of five experienced industry professionals with more than $330 million in assets under management.

The financial advisors joining the Tennessee branch are Stephen Elder, formerly associated with Hilliard Lyons, and Kim Richardson, Jamie Smith and Chris Walker, formerly associated with Wells Fargo Advisors.

In addition to these four advisors, branch operations manager Sheala Nichols, also formerly associated with Wells Fargo Advisors, will join the new office.

Corient Capital Hires New Chief Executive

Corient Capital Partners hired James Rooney, a Seattle-based wealth manager formerly of Freestone Capital Management, to be chief executive of the $1.8 billion independent RIA, according to CityWire.

Prior to serving as chief executive at Freestone, Rooney held a variety of roles in the financial services industry including executive director at CIBC World Markets and analyst at Lehman Brothers, according to his LinkedIn page.

Newport Beach, California-based Corient was formed in 2015 by a group of former Merrill Lynch advisors who managed $3.3 billion in client assets for the wirehouse’s Private Banking and Investment Group.

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