Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Putnman Closes One Fund; Federated, Feds Step In
By Janet LevauxPutnam Funds is participating in the U.S. Treasury's Money Market Guaranty Program, the company announced October 1. The program provides coverage to shareholders of Putnam's...
October 01, 2008
Another BenefitGetting a number of members of your team to be engaged with clients in the early phase of their relationship with your firm helps the...
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...