Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
BNY Mellon Completes Acquisition of I(3) Advisors, a Toronto Wealth Manager
By Michael S. FischerBNY Mellon has completed its purchase of the Toronto wealth management boutique I3 Advisors, the firm said in a statement on Tuesday, September 1.
August 31, 2010
Wirehouse Assets: Still Leading, but Losing Market ShareThe four wirehouses continue to dominate the list of sponsors of separately managed accounts for the second quarter of this year, according to a research report just issued by the Money Management Institute and Dover Financial Research.
August 31, 2010
Wirehouse Assets: Still on Top, But Losing Market ShareThe four largest broker-dealers have about 60%, or $1.1 trillion, of the industry's managed assets, down from 64% last year, according to a recent study.
August 30, 2010
EDHEC-Risk Researchers Win Top Prize at Quantitative Investment Research (Inquire) EuropeReport is called "Dynamic Allocation Decisions in the Presence of Funding Ratio Constraints."
August 30, 2010
Wirehouse Watch: Why Merrill Lynch's Results Top Morgan Stanley'sProfits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB's larger advisor force.
August 25, 2010
Baird Hires Nine FAs From Morgan Stanley, Adds Two BranchesBaird on Tuesday has hired nine financial advisors from Morgan Stanley Smith Barney in Charleston, S.C., and Fort Worth, Texas, with about $1.3 billion in total client assets.
August 23, 2010
Columbia-RiverSource to Streamline 62 FundsThe proposed mergers are part of Ameriprise's acquisition of the asset management business, which has about $330 billion in AUM.
August 23, 2010
Columbia-RiverSource to Streamline 62 Fund OfferingsColumbia Management Group says that it has proposed 62 fund mergers as part of the sale of its long-term asset-management business to RiverSource Investments, which is owned by Ameriprise Financial.