Turnkey Asset Management
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2011 Q1 Earnings: LPL Profits Jump 91.7%; Founder, President to Sell Big Stakes
By Joyce HansonLPL Financial saw profits of $49.0 million, 91.7% higher than a year ago, and the company’s founder and president are selling big stock stakes.
April 21, 2011
2011 Q1 Earnings: Morgan Stanley Wealth Unit Grows Sales 11%The current Morgan Stanley Smith Barney FA headcount of 17,800 is down about 2%, or by 340 reps, from last year and fell roughly 1%, or by 243 reps, from the prior quarter
April 20, 2011
2011 Q1 Earnings: Wells Fargo’s Wealth Unit Boosts Results, FA HeadcountWells Fargo Advisors adds about 50 financial advisors, as company’s overall results miss estimates.
April 14, 2011
New Hire Roundup: BlackRock Gets New Retail Chief; Krawcheck Leaves BoardBlackRock has tapped a new managing director to head up U.S. retail client solutions and also has announced that BofA's Sallie Krawcheck is leaving the board.
April 13, 2011
2011 Q1 Earnings: JPMorgan Profits Surge 67%; Asset Management AUM Up 9%JPMorgan kicked off Q1 2011 earnings season by reporting a 67% rise in profits, with EPS at $1.28 per share versus analysts’ expectations for EPS of $1.15.
April 11, 2011
Merrill Lynch Launches Ad Campaign for Clients, AdvisorsThe marketing push aims to attract advisors at rival firms and professionals looking to switch careers, according to a Merrill Lynch marketing executive
April 04, 2011
A Year to RememberVariable annuities ended the year on a strong note by virtually all measures. 2010 new sales totaled $136.6 billion, an increase of 10.3% over 2009 sales of $123.9 billion.
April 03, 2011
A Year to RememberVariable annuities ended the year on a strong note by virtually all measures. 2010 new sales totaled $136.6 billion, an increase of 10.3% over 2009 sales of $123.9 billion.