Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Wirehouse Watch: Why Merrill Lynch's Results Top Morgan Stanley's
By Janet LevauxProfits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB's larger advisor force.
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.
August 11, 2010
Clearbrook Wins Away IPC Business From Troubled Jesup & LamontIndependent Portfolio Consultants (IPC) has transferred 1,400 client accounts worth over $1 billion away from troubled broker-dealer Jesup & Lamont Securities Corp. to the broker-dealer subsidiary of Clearbrook Financial.
August 06, 2010
Allianz SE Loses Profits, as PIMCO Helps Unit Double EarningsThe European insurer's North American life insurance unit says premiums were "ahead of expectations."
August 06, 2010
Allianz SE Loses Profits as PIMCO Helps Unit Double EarningsAllianz SE (AZSEY), Europe's largest insurer, said its second-quarter profits fell nearly 50%, largely due to the sale of shares in Industrial & Commercial Bank of China and a write-down in its investment in Hartford Financial Services Group Inc.
August 05, 2010
Calamos Boosts Earnings on Higher Average AssetsThe company says net outflows from Calamos' SMA accounts were in line with expectations; in the first quarter, the fund manager increased account minimums for convertible-based strategies.
August 02, 2010
Principal Financial Q2 Earnings DisappointDespite remaining in the black during the economic downturn, Principal Financial Group, Inc. reported disappointing second quarter earnings on Monday, August 2.
August 02, 2010
Principal Financial Q2 Earnings disappointDespite remaining in the black during the economic downturn, Principal Financial Group, Inc. reported disappointing second quarter earnings on Monday, August 2.