Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Calamos Boosts Earnings on Higher Average Assets
By Janet LevauxThe 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.
July 29, 2010
Nuveen Acquires First American Funds AdvisorsNuveen Investments announced Thursday, July 29, that it had acquired the long-term asset business of First American Funds Advisors (FAF) from U.S. Bancorp in exchange for a 9.5% stake in Nuveen and an undisclosed amount of cash.
July 28, 2010
Ameriprise Financial Improves Earnings on Lower FA HeadcountAmeriprise, which includes Securities America, now has 11,684 advisors vs. 12,508 in the same year-ago period.
July 27, 2010
Deutsche Bank Q2 2010 Earnings Were $2.27 vs. $2.12 in Q2 2009, Matching EstimatesDeutsche Bank, Germany's biggest bank, reported second-quarter net income of $1.55 billion (EUR 1.2 billion) versus $1.42 billion in second-quarter 2009, the Frankfurt-based company announced Tuesday, July 27.
July 26, 2010
Electronic Trading Group Buys Asset ManagerKnight Capital Group, Inc. is getting into the business.
July 26, 2010
Knight Capital to Buy Astor Asset ManagementElectronic-trading group is buying Astor for about $20 million in cash and stock.
July 23, 2010
T. Rowe Price Earnings Fall Short of Analyst ExpectationsT. Rowe Price (TROW) reported net income of $158.5 million, or $0.59 per share, for the second quarter, an increase of 55% from the same time last year. Despite the increase, earnings fell short of analyst expectations.
July 23, 2010
Edward Jones Rolls Out New Transition Package (March 20, 2009)To help it grow its advisor force 9 percent this year, Edward Jones has developed an enhanced transition package for current successful financial advisors who join the firm.