Investment Platforms
Get the latest news and insights on investment platforms (including digital, mobile and online platforms), and how these developments impact financial advisors, the wealth management industry and more.
Wells Fargo Wealth Unit Boosts Profits, Releases More Advisor Data
By Janet LevauxNew figures released by the bank include the average level of yearly revenues (fees and commissions) per financial advisor.
January 08, 2021
Janney Drawing Steady Stream of Wirehouse RecruitsThe firm recruited 43 advisors and nearly $4 billion in assets to its Private Client Group in 2020.
January 06, 2021
Tech Problems on Merrill, Thinkorswim Trading Platforms Tick Off InvestorsThinkorswim reported "longer than normal wait times" and an issue with "charts not loading."
January 05, 2021
Silicon Valley Bank Buys Boston Private for $900MThe deal adds $16.3 billion in wealth management and private banking assets to the Northern California firm.
January 04, 2021
Hightower Makes Its Biggest Acquisition EverThe purchase of the $8 billion firm, based in Los Angeles, "is a heck of a way to start off the new year," Hightower CEO Bob Oros tells ThinkAdvisor.
December 28, 2020
Ark CEO Cathie Wood Wins Battle for ControlArk Investment Management has reached agreements with minority shareholder Resolute Investment Managers.
December 16, 2020
Ameriprise, Others Eyeing Wells Fargo Asset ManagementThe asset management division could fetch more than $3 billion, people familiar with the matter said.
December 14, 2020
UBS Sues 6 Advisors Who Jumped to Morgan StanleyThe reps, who worked with nearly $1.8 billion of assets, are accused of "immediately soliciting clients" and asking them to switch firms.