Turnkey Asset Management
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Schwab Improves RIA Assets on Flat Profits in Q2
By Janet LevauxCharles Schwab said it had net income of $205 million, or $0.17 cents a share, for the second quarter of 2010, flat vs. the second quarter of 2009 but up from $6 million for the first quarter of 2010.
July 12, 2010
Morgan Stanley Hires Seven Advisors From RivalsMorgan Stanley Smith Barney (MSSB ) has hired six financial advisers from UBS and one from Charles Schwab, a spokesperson confirmed Monday, July 12.
July 11, 2010
Scorpio Partnership Study: Rich Have $10 Trillion in Untapped AssetsAccording to a study released July 8 by the consultant firm Scorpio Partnership, the assets of the high-net-worth exceed what is currently under management, leaving approximately $10 trillion in realistically investable assets on the table.
July 06, 2010
Forward Management Study: Active Asset Allocation Is a Prudent StrategyIn a new white paper by Forward Management that challenges traditional portfolio construction, the company argues that the traditional "set-it-and-forget-it" approach to asset allocation is too passive.
July 02, 2010
Jeff Montgomery Named Chairman of AFAMcompany formerly known as Al Frank Asset Management, has named its CEO, Jeff Montgomery, as Chairman, effective August 1, 2010.
July 01, 2010
Getting to Know YouDuring the financial meltdown, many advisors went on red alert -- rushing out communications to frightened clients. Webinars, town halls, even therapy sessions were all...
June 28, 2010
Survey: Wealthy Close to RecoveryThe world's population of high-net-worth individuals increased to 10 million in 2009, up 17% from the total recorded a year earlier, researchers report.
June 25, 2010
Manulife Sets Board Meeting In ChinaManulife Financial Corp., Toronto, will hold its October board meeting in Beijing to coincide with the 40th anniversary of the establishment of diplomatic relations between Canada and China.