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.
J.P. Morgan Asset Management Rethinks DC Plans
By Joyce HansonIn a foray into the retirement marketplace, J.P. Morgan Asset Management has developed three core menus the let DC plan participants engage more actively with their plans.
October 31, 2011
European Bank Recapitalization Unimpressive: AnalystsEuropean banks seeking to recapitalize and meet new goals set for them by regulators are seeking to do so largely through internal actions than by raising outside funding from investors, and analysts are not impressed by the method.
October 28, 2011
Wirehouses to Lose 8% in Market Share, Average AUM Up 10%: CerulliCerulli reports that wirehouse broker-dealers had 43% of industry assets in 2010, an estimated 40% today and an expected 35% by 2013 representing an 8% decline.
October 26, 2011
Guggenheim Absorbs RydexGuggenheim Partners is folding rydex SGI into its ETF asset management group. Combined together, the firm will have approximately $119 billion under management.
October 26, 2011
Ameriprise Misses Estimates, but Boosts Advisor Force: Q3 EarningsThe company now has 9,714 FAs and says it has improved its retention levels, margins.
October 25, 2011
TD Ameritrade Posts Big Gains in Net Income, Revenue for Q4, FY 2011Company reports record net new client assets of $41 billion during fiscal year; plans further stock buybacks.
October 19, 2011
Morgan Stanley Tops Estimates; Advisors Attract $15.5B of Inflows: Q3 EarningsMorgan Stanley said Tuesday that it had net income of $2.2 billion, or $1.14 per share, from continuing operations compared with income of $314 million, or $0.05 per share, for the same period a year ago, beating analysts estimates.
October 18, 2011
Q3 Earnings: BofA Tops Estimates as Merrill Boosts Advisor CountNet inflows of client assets were nearly $2 billion in the third quarter for the wealth-management unit vs. outflows of about $2.5 billion last year.