Turnkey Asset Management
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Wirehouse Firms Share First-Quarter Results
By Janet LevauxMorgan Stanley reported adjusted first-quarter net income of $966 million, or $0.50 per share, compared with income of $1.8 billion, or $1.03 per share,…
May 19, 2011
Raymond James Says April Fees, Commissions Up 2%RJ's Average fees and commissions were about $34,400 per FA last month, and average AUM is roughly $53 million per rep.
May 19, 2011
New Hire Roundup: National Advisor Trust Gains Alfred; Lewis, Morris Team Under LemayNational Advisors Trust welcomed James D. Alfred to the fold, while Jeannie Lewis and Bryan Morris went to Deloitte under the leadership of April Lemay.
May 13, 2011
Capital Analysts Adds Shore Morgan Young to Flat-Fee Affiliation ModelThe deal with Shore Morgan Young means that Capital Analysts has more then $8 billion in assets and over 330 affiliated financial advisors.
May 12, 2011
Baird Hires Morgan Stanley Exec as New Regional DirectorMichael J. Schroeder, president of Baird’s private-wealth group, also announced several changes to its management team.
May 11, 2011
New Hire Roundup: Neuberger Berman Taps Modigliani; BNY Mellon Appoints MasihAviva Investors enters market, New York Life names regional VP, Pawlich heads office for AUL Retirement.
May 06, 2011
Rising Equities Lift Corporate Pensions in April: BNY MellonFunded status of U.S. corporate pensions increased slightly in April to 89.2%, an increase of 0.7 percentage points, BNY Mellon Asset Management found.
May 03, 2011
Asset Management M&A Continues at a Slower PacePwC Transaction Services report finds overall financial services deals will increase.