Turnkey Asset Management
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Profits at Calamos, AllianceBernstein Surge in Q1
By Ron PechtimaldjianCalamos gets boost from rise in AUM; AllianceBernstein benefits from market resurgence and cost-cutting.
April 26, 2010
Stifel to Buy Thomas Weisel; New Firm Would Have 1,900 Advisors, $100 B in AUMStifel Financial and Thomas Weisel Partners Group said Monday, April 26, that they have entered into a roughly $300 million merger agreement.
April 26, 2010
Stifel to Buy Thomas Weisel; Would Have 1,900 FAs, $100 Bn AUM after MergerDeal should give Stifel more private-equity products and Silicon-Valley clients, as well as about $1.6 billion in yearly sales.
April 20, 2010
Citigroup's Profit Soars; Morgan Venture Also StrongCiti's earnings hit $4.4 billion; Smith Barney unit triples income
April 19, 2010
Citigroup's Profit Soars; Broker Venture Also StrongCiti's earnings hit $4.4 billion; Smith Barney unit triples income
April 16, 2010
Schwab Earnings Drop 45%, but Advisor Business StrongCut in trading fees fueled dismal results; $624 billion AUM at Advisor Services
March 29, 2010
AIG Sells Unit to Pacific CenturyA private investment firm in Asia has acquired part of the asset management operations of American International Group Inc. (NYSE:AIG).
March 16, 2010
New Actively Managed Fund at VanguardWealth managers who are fans of Vanguard may be happy to note that the group is launching a new actively managed fund, which will invest in small- and mid-cap companies in the U.S.