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.
Janney Drawing Steady Stream of Wirehouse Recruits
By Jeff BermanThe firm recruited 43 advisors and nearly $4 billion in assets to its Private Client Group in 2020.
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.
December 13, 2020
State Street, UBS in Discussions About Merging Asset Management Units: ReportThe talks started this year, and the two parties were near an agreement this summer, sources told The Wall Street Journal.
December 09, 2020
Fidelity Digital Assets Enables Bitcoin as CollateralIt will provide custody services for Bitcoin pledged on loans financed by BlockFi.
December 08, 2020
Wells Fargo Facing 'Uphill Fight' Over Fed's Growth CapInvestors are optimistic the cap will be lifted soon. Regulators, and the bank itself, are more cautious.