Morgan Stanley Names New Head of Private Wealth
Eric Benedict will now lead more than 350 advisors serving ultra-high-net-worth clients.
New Hire Roundup: Mercer Investments Adds 4
Also in personnel moves, Cathy Clauson joins AssetMark, and Tonnie Wybensinger joins the Financial Services Roundtable.
Smart Beta Gaining Traction Among Institutional Investors
Institutional investors, especially those managing more than $10 billion, are increasingly adopting smart beta strategies, according to Russell Investments.
TIAA-CREF to Buy Nuveen for $6.25 Billion
Nuveen will operate as a separate unit within TIAA-CREF’s asset management business and retain John Amboian as CEO.
Morgan Stanley Streamlines Advisor Structure
The wirehouse trims the number of advisor divisions and regions after Shelley O’Connor assumes leadership.
Thinking of Cutting Back on Financial Planning? Don’t.
It’s hard to make a solid dollars-and-cents argument for providing financial planning services, but it’s the foundation for the bond between advisor and client.
Investor Alpha ‘Readily Available’ but Not Painless: Research Affiliates
Above-market returns, often called elusive, are there for the taking for investors who can stomach a little discomfort, says Chris Brightman of Research Affiliates.
5 Key Traits of Fastest Growing Bank Wealth Managers
Fidelity study names five traits that set thriving bank wealth practices apart — size and location weren't among them — and their five biggest challenges.
On Claiming Social Security, Most Americans Don’t Know Much
Most people nearing retirement don’t realize what a critical decision they have to make when it comes to claiming their Social Security benefits.
Clients OK With Outsourced Investment Management: Northern Trust
Eighty percent of advisors who outsourced lost no clients from the move, according to a study released Thursday by Northern Trust.