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.
At CFDD 2011, TDFs Prove Their Value
By Danielle AndrusAre target-date funds being used as they were intended? Carol Waddell, vice president of product management for T. Rowe Price, posed this question to attendees on Monday at the Center for Due Diligences 2011 conference in Chicago.
October 14, 2011
Study: Most Assets Under Management Held in Advisory AccountsA higher proportion of assets held in advisory accounts were reported by firms focused on high-net-worth clients as compared to firms focused on mass-market clients, an Ernst & Young study finds.
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...