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.
Q3 Earnings: Citigroup's Climb 74% on Accounting Gain
By Joyce HansonCiting a one-time accounting boost, Citigroup reported a 74% rise in Q3 2011 profits compared with a year ago. Citi CEO Vikram Pandit said the bank continues to pare down its brokerage and asset management units.
October 13, 2011
Q3 Earnings Kickoff: JPMorgan Profit Drops 4%JPMorgan Chase & Co. on Thursday kicked off the finance sectors first major earnings release for the third-quarter with an anticipated drop in profit, down 4% to $4.26 billion from $4.42 billion a year ago.
October 05, 2011
Touchstone Buys Mutual Fund Assets of Old Mutual Asset ManagementTouchstone says the addition of Old Mutuals affiliated investment managers will increase the range of funds that Touchstone offers and fill gaps in the companys current lineup with boutique managers who have strong, long-term performance records.
October 05, 2011
Touchstone Buys Mutual Fund Assets of Old Mutual Asset ManagementTouchstone says the addition of Old Mutuals affiliated investment managers will increase the range of funds that Touchstone offers and fill gaps in the companys current lineup with boutique managers who have strong, long-term performance records.
October 04, 2011
UBS Expects Modest Profit for Q3, New Client InflowsUBS said Tuesday that, despite a loss of $2.3 billion related to unauthorized trading and $433 million restructuring charge tied to cost cutting, it should report a modest net profit for the third quarter of 2011.
September 29, 2011
IRA Rollovers & RelationshipsA report released in early September by Spectrem focuses on a survey of nearly 1,000 investors who had recently made a rollover or had the opportunity to rollover assets, and found nearly one-third chose Fidelity as their IRA provider. Vanguard was a distant second at 11 percent.
September 29, 2011
UBS Cutting Staff, But Recruiting FAsUBS said it planned to cut staff by 3,500, or more than 5 percent of its global workforce, as part of its overall plan to trim about $2.5 billion from its yearly expenses by the end of 2013 to improve operating efficiency, the company explained in late August. About 10...
September 22, 2011
The Power of the Platform: New Benefits Management ToolsTechnology platforms are changing the way consumers share information about everything - about our friends, family, jobs and even our health benefits.