Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
The Changing Landscape
By Janet LevauxAs part of Bank of America's planned purchase of Merrill Lynch, BofA Chairman and CEO Ken Lewis has said that Merrill Lynch Chairman and CEO...
October 01, 2008
Wall Street StunnedWall Street is not what it used to be, for good or ill. Culminating (at least for the moment) a months-long period of market volatility...
September 16, 2008
MORGAN STANLEY WANTS TO STAY INDEPENDENT (Sept. 16, 2008)Morgan Stanley, the sole remaining independent wirehouse broker-dealer, reported income from continuing operations for the third quarter ended August 31, 2008, of $1,425 million, or $1.32 per diluted
September 15, 2008
MERRILL TO BE SOLD TO BANK OF AMERICA (Sept. 15, 2008)Bank of America Corporation has agreed to acquire Merrill Lynch in a $50 billion all-stock transaction, a deal predicted by industry expert Chip Roame in June as part of Research magazine's 30th-anniv
September 11, 2008
Analysts: Insurers Might Want NeubergerInsurers with capital might have an interest in acquiring a large minority stake in a key Lehman Brothers Inc. asset management unit.Credit analysts and other ...
September 01, 2008
Wachovia Restructures, Taps Robert Steel as CEO/PresidentWachovia has reported a net loss in the second quarter of $8.9 billion, including a $6.1 billion non-cash goodwill impairment charge in commercial-related sub-segments. Excluding...
September 01, 2008
Brick by BrickMost registered investment advisors find new clients the old-fashioned way: referrals from satisfied customers. Word-of-mouth referrals have always worked well in this business, since would-be...
August 18, 2008
Genworth Forms Asset-Management UnitGenworth Financial Inc. has merged 2 asset-management units.Genworth, Richmond, Va., has combined AssetMark Investment Services Inc. and Genworth Financial Asset Management to form Genworth Financial ...