Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Nuveen Acquires First American Funds Advisors
By James J. GreenNuveen 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 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.
July 21, 2010
As Wells Fargo Reports Q2 Earnings, Advisor Total Ranks No. 3As Wells Fargo on July 21, beat estimates on lower sales and profits, it saw the ranks of its advisor force move into the number three spot, despite rising year-over-year assets and sales in its wealth-management and brokerage businesses.
July 21, 2010
Study on Asset Management Examines Academics' ThinkingA new research paper evaluates academic contributions to the field of asset management and find them wanting, at least in terms of how the real world works.
July 21, 2010
Morgan Stanley Raises Profits as Wealth Unit Sees OutflowsMorgan Stanley Smith Barney said Wednesday, July 21, that its global wealth management clients withdrew net $5.5 billion during the second quarter