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.
Calamos Posts Higher Revenues on Increased AUM
By Danielle AndrusCalamos Asset Management Inc. reported better-than-expected third quarter results late Tuesday with revenues topping $78 million, a 6% increase over the third quarter of 2009.
October 19, 2010
At Fusion Advisor Conference, Philip Palaveev Says, ‘Capture the Recovery’Philip Palaveev exhorts advisors to prepare to seize opportunity, selectively.
October 19, 2010
California Investors Fight Proposition 23Investors in Valero Energy Corp., Tesoro Corp. and Occidental Petroleum, which have all spent large amounts of cash to help pass California's Proposition 23, are unhappy they are doing so.
October 19, 2010
BNY Mellon's Q3 EPS Bounces Back; Record AUM of $1.14 TrillionBank of New York Mellon Corp. reported third-quarter 2010 profits of $625 million, or $0.51 per common share, compared with a loss of $2.44 billion, or $2.04, in Q3 2009.
October 19, 2010
Merrill Results Improve Despite Bank of America's Q3 LossBofA suffers Q3 loss; Merrill's advisor force tops 15,300, as annualized average sales stay above $850,000 per rep.
October 18, 2010
Citigroup Boosts Profits on Weak SalesCitigroup (C) reported third-quarter net income at $2.17 billion, or $0.07 a share, beating analysts' estimates by $0.01. Sales of $20.7 billion, however, missed estimates by $45 million.
October 15, 2010
Schwab Beats 3Q Estimates on Rising SalesThough net income declined, revenues grew 5% on strong asset management and administration fees
October 08, 2010
Neuberger Berman Hires Keith Rhodus as Wealth Advisor in DallasNeuberger Berman Group LLC has appointed Keith Rhodus as a wealth advisor and vice president in its Dallas office, the firm announced Thursday. Rhodus joins six...