Investment Platforms
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M&A Deals in Q3 Slowest for 2012: Pershing
By Danielle AndrusMergers and acquisitions slowed down in the third quarter after increasing since the last quarter of 2011, Pershing Advisor Solutions announced Nov. 9.
October 31, 2012
New Hire Roundup: Wedbush Private Client Services Group Adds WrightAlso this week in new hires, Lance Losey and Mary Welk joined Ascent Private Capital Management and Michael Millman joined The Private Client Reserve in San Francisco.
October 25, 2012
Credit Suisse to Slash $1.1 Billion More on Plunging ProfitsIt will cut additional jobs and possibly sell off its ETF business, seeking to make up for a drop in profits of 63%.
October 22, 2012
Treasury to sell off AIG stake this year?AIG CEO Robert Benmosche says a window will open when the Treasurys lockup ends in November.
October 17, 2012
BofA Earnings Beats Estimates, but Advisors’ Sales SlowAs bank sees plunge in profits from last year's Q3, the number of Merrill Lynch advisors drops by one from the previous quarter to 17,533.
October 17, 2012
RBS Leaves U.K. Asset Protection PlanRoyal Bank of Scotland Group has paid 2.5 billion pounds ($4 billion) to the British government to insure its riskiest assets and agreed to exit the Asset Protection Scheme.
October 16, 2012
Baird Grabs 7 Reps With $970M as Janney Adds New ManagerThe new Baird reps join from Morgan Stanley, Citi and other firms.
October 11, 2012
PIMCO’s Total Return ETF Races to Record $3 Billion in AssetsThe fund run by legendary bond manager Bill Gross is among the 10 top-selling ETFs this year.