People moves: XYPN president Vince Hockett to retire in 2027

XY Planning Network has opened a national search for its next president, with Vince Hockett set to retire in spring 2027 after seven years at the fee-only advisor network.

Hockett joined XYPN in March 2020 and earlier held the title of chief revenue officer. Since he arrived, membership has grown from approximately 1,172 advisors to 2,401, and those advisors now serve more than 100,000 clients, according to the platform.

“When I joined XYPN, we were primarily known for helping advisors launch independent firms. Today, we support advisors who have spent years building successful businesses, growing their teams, and serving more clients than ever before,” Hockett said.

Firm launches remain a large part of the business. XYPN said 110 new firms are working toward RIA registration with its compliance team this year. More than two-thirds of the network, however, has moved past the startup stage, which helped drive the creation of Sapphire, XYPN’s corporate RIA affiliation platform in 2024. Sapphire has gone on to cross the $1 billion mark, and now has 52 advisors serving more than 800 client households.

Read more: Michael Kitces-backed XYPN Sapphire tops $1 billion, hires Envestnet veteran

Emerald, the firm’s monthly membership offering for independent RIAs, has also added technology and partner tools during Hockett’s tenure.

Co-founder and Chief Executive Alan Moore credited Hockett with scaling the organization. “Vince guided XYPN through a period of extraordinary growth, and positioned us to support a Network that has more than doubled in size. We’re entering this search with real momentum and an immense opportunity to continue expanding what’s possible for independent advisors,” Moore said.

XYPN is planning a transition period to allow the incoming president to work alongside Hockett before he leaves.

SEI hires former LPL technology chief as CIO

SEI has welcomed Kristie Edling-Day as its new chief information officer, reporting to Chief Executive Ryan Hicke, who held the CIO post himself before becoming CEO in June 2022.

Edling-Day will run SEI’s technology and product organization, including platform modernization, digital transformation and cybersecurity governance, and will own the firm’s multiyear technology and product roadmap.

She arrives from LPL, where she was executive vice president and CIO for advisor technology and enterprise production operations, overseeing technology used by approximately 32,000 financial advisors. SEI said she helped define LPL’s enterprise AI strategy and led its early rollout.

Before LPL, she spent 17 years at Vanguard, where her roles included CIO of intermediary technology and chief product and information officer for financial advisor services.

Highlighting Edling-Day's "exceptional combination of technology expertise, strategic vision, operational discipline, and deep financial services experience," Hicke said she "will be instrumental in advancing our technology and product strategy, accelerating responsible AI and data innovation across the enterprise, and helping us build the capabilities that will define what’s next for SEI."

Read more: SEI makes back-to-back leadership moves across AI and wealth management

Edling-Day's move to SEI marks the second departure from LPL's tech leadership revealed this week. Choreo, the Chicago-based RIA led by CEO Jason Van de Loo, hired Gabriel Rodriguez – who had been senior vice president of technology at LPL overseeing its ClientWorks advisor workstation system – as its new chief technology officer.

TD Bank U.S. taps Schwab AI head for wealth business

TD Bank U.S. named Hardeep Walia head of U.S. wealth effective Oct. 5. Based in New York, Walia will be reporting to Leo Salom, president and CEO of TD Bank U.S.

The appointment follows a plan its Canadian parent, TD Bank laid out in 2025 after it paid a $3 billion penalty over anti-money-laundering shortfalls. At the time, the bank's chief executive outlined a wealth management growth strategy that included hiring more advisors in the U.S.

Walia founded Motif Investing, a broekrage and investment management platform offering thematic portfolios and direct indexing, which he ran for a decade. After Charles Schwab acquired Motif, Walia built and led Schwab’s personalized investing engineering group and later headed enterprise AI at the firm.

He previously held senior roles at Microsoft and has served on FINRA’s Technology Advisory Committee and Small Firm Advisory Board. He also advised U.S. Bank’s Ascent Private Capital Management.

“[Walia's] ability to translate innovation into trusted, scalable client solutions will be vital as we grow our advice-led relationships, strengthen our digital investing capabilities, and deliver more personalized experiences for clients,” Salom said.

Walia said he plans to combine advice, technology and the bank’s broader resources.

“I look forward to working across the bank to deepen client relationships and make financial advice accessible to more people at every stage of their lives,” he said.

BMO adds CIBC private banking veteran in Illinois

BMO Wealth Management hired Kenneth Shogren as regional president for Illinois, effective Oct. 8. There, he will lead the firm’s largest private bank market and coordinate with BMO’s U.S. banking and capital markets teams to serve clients in the Chicago area and across the state.

Shogren has nearly 20 years of experience in private banking, commercial banking and executive leadership. Most recently he led CIBC Bank USA’s private banking team, managing client-facing teams nationally along with credit oversight.

Before that he was chief of staff to CIBC Bank USA’s CEO, helping steer strategic work tied to the integration of The PrivateBank.

"His combination of local market knowledge, leadership experience and track record of connecting clients to a broad range of banking capabilities positions him well to lead BMO Wealth Management’s continued growth across Illinois," a spokesperson for the firm said.