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.
Baird Grabs Wells Fargo Team as FSC Adds Morgan Stanley Reps
By Janet LevauxThe wirehouse groups join an employee-owned firm and an IBD with about $215 million and $300 million in client assets, respectively.
February 04, 2014
UBS Turns Profits Around, Beats EstimatesUBS says its advisors in the Americas have yearly fees & commissions of $1 million on average.
February 03, 2014
IBDs Dominate Long-Term Mutual Fund AUMRIAs take second place, and both channels saw tremendous asset growth in long-term mutual funds and ETFs in 2013, according to Broadridge.
January 27, 2014
Legg Mason Affiliate to Pay $21 Million to DOL, SECThe firm saddled 99 ERISA-covered plans with a prohibited investment due to a coding error, hid the error and sold at a loss, DOL says.
January 24, 2014
Johnson to Pick a Fidelity Veteran to Replace O’HanleyPresident Abigail Johnson has told employees that asset management head Ronald OHanley will be replaced by an internal successor.
January 22, 2014
Raymond James Posts Strong Quarterly ResultsAdvisor fees and commissions jump 10% from last year and 6% from the prior quarter, though its number of reps stays flat.
January 22, 2014
El-Erian's PIMCO Exit: A Game Changer?Experts say the CEO wasn't pushed out, but it may prove difficult for PIMCO to fill his shoes at the firm and in the media.
January 22, 2014
Fidelity Asset Management Head Ron O’Hanley to LeaveFidelity plans to replace OHanley with an internal successor, whom it didnt name, according to a note to employees from President Abigail Johnson.