Schwab nabs Putnam's Carney as branch network boss

Schwab nabs Putnam's Carney as branch network boss
Schwab nabs new branch network boss in Jeffrey Carney
JUN 01, 2012
Jeffrey Carney, a senior managing director of marketing at Putnam Investments, will be taking over as head the branch network for the Charles Schwab Corp. Mr. Carney will start at the end of the month and will report to Andrew Gill, co-head of Schwab Investor Services, Schwab spokesman Michael Cianfrocca wrote in an e-mail. Reuters reported the change Friday. Mr. Carney will be taking over for Lisa Kidd Hunt, who will be "taking on some different responsibilities," Mr. Cianfrocca said. Last month, Mr. Gill and John Clendening took over as co-heads of Schwab's individual investor business when Benjamin Brigeman left that post for personal reasons. Schwab has about 300 retail branches nationwide. Separately, in December, the firm opened its first franchised branch office. The company plans to open about a dozen more independently-owned branches this year. Mr. Carney will not have responsibility for the franchised outlets, Mr. Cianfrocca said.

Latest News

Barred advisor forged wife’s signature on life insurance contracts, according to FINRA
Barred advisor forged wife’s signature on life insurance contracts, according to FINRA

Thrivent Investment Management Inc. in May fired Nicholas Hale, according to his BrokerCheck profile.

Raymond James lands $18.7B Synovus team as LPL adds UBS breakaways
Raymond James lands $18.7B Synovus team as LPL adds UBS breakaways

About 70 bank and credit union advisors move to the Raymond James platform, while a $480M New Jersey team goes independent with LPL

Tax-aware investing should expand client choices, not constrain them 
Tax-aware investing should expand client choices, not constrain them 

The best tax plan asks not only how much a client could save, but what they would have to give up to save it. 

Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis
Merrill veteran Jonathan Stogsdill joins Trinity Wealth Advisors in St. Louis

A 20-year financial services veteran brings values-driven planning expertise to the St. Louis-based RIA.

SEC enforcement against public companies hits record low under Atkins
SEC enforcement against public companies hits record low under Atkins

New research shows a 71% plunge in actions in fiscal year 2026, with total settlements the lowest since the database began.

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.