Raymond James, Ameriprise Beat Estimates on Strong Advisor Results
Raymond James boosts private client revenue 9%, while Ameriprise improves wealth profits 13%.
U.S. IPO Volume Surges in Q2
The U.S. IPO market perked up smartly in the second quarter, PwC reported.
SS&C’s Advent Software Buy Is a Done Deal
"We bring a treasure trove of technology" to Advent's popular Black Diamond platform, SS&C CEO Bill Stone said.
Top Portfolio Products: ProShares Adds Currency-Hedged ETF
Deutsche Asset & Wealth Management rolls out a Japan ETF as Calvert launches large-cap indexes.
Expect Shakeout Among Robo Advisors, but Embrace Them Now
Morningstar panelists urge advisors to embrace automated advice technology to gain efficiency and new clients.
SEC, FINRA Enforcement: Father, Son Used Golf Emails to Hide Insider Trading
Meanwhile, the SEC charged for-profit education company ITT Educational Services with fraud.
Envestnet Acquires FinTech Company Finance Logix
Envestnet will continue to support Finance Logix's standalone financial planning software model for existing and new clients and will create a new, integrated platform.
The Robo-Advisors of the Health Care World
Health care is undergoing a transition that might sound familiar to advisors who are watching the robo-advisor space: consumers using online tools and mobile devices to control more of their health on their own.
Let the Robots Do Your Taxes
Capital gains taxes are a far trickier beast than passive asset allocation—so tricky, only a robot might be able to defeat it.
Tocqueville SMID-Cap Fund Takes Volatility in Stride, Beats Its Competitors
The Tocqueville Opportunity Fund is one of a select group of actively managed funds that has been consistently beating the market over time.