People

The firm has also hired Christian Mitchell, chief digital and information officer at Northwestern Mutual, to take over Mackay’s responsibilities.

As part of the deal, serial entrepreneur Reed Colley will join Orion from Summit as president of its technology unit.

The firm is seeking an injunction in Texas federal court against Roberto Ortega, alleging he accessed client information to solicit them when he left to join a new firm.

David Montgomery will support Concurrent’s retirement plan advisors and expand the firm’s resources in the space.

The move follows Rich Steinmeier's promotion from managing director to CEO, replacing Dan Arnold, who was terminated for cause on Oct. 1.

According to one expert, President-elect Donald Trump’s SEC Chair nominee may pursue cases where there is “fraud or harm” to investors rather than situations where firms fail to follow compliance policies.