Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Rydex Acquired by Security Benefit
By Bob KeaneSecurity Benefit, the Topeka-based financial services holding company has signed a definitive purchase agreement to acquire Rydex Investments, Rockville, Maryland. The combined organization is expected to have roughly $35 billion in assets under management and $52 billion of assets under administration when the deal closes later this year.
June 11, 2007
High Court Weighs In On Pensions And MergersA merger agreement should not be considered as a form of termination for a retirement plan, and employers do not have a fiduciary obligation to ...
June 11, 2007
High Court Weighs In On Pensions And MergersA merger agreement should not be considered as a form of termination for a retirement plan, and employers do not have a fiduciary obligation to ...
May 30, 2007
Pershing Rolls Out New Managed Account NetworkPershing LLC, a subsidiary of the Bank of New York Company, Inc., has launched Managed Account Network, an innovative, open architecture platform that allows introducing broker-dealer firms to offer t
May 29, 2007
MassMutual Buys Out Finance Company PartnerMassachusetts Mutual Life Insurance Company says it now owns all of the stock of Winmark Equipment Finance L.L.C., a large, 3-year-old equipment-leasing finance company.MassMutual, Springfield, ...
May 17, 2007
John Hancock Adds to Lifestyle Fund LineupEffective May 1, John Hancock added three new strategies to its five Lifestyle asset allocation fund of funds, which already has an aggregate of $50 billion under management.
May 08, 2007
Wilmington Trust To Acquire Bingham LeggA wealth advisory firm is reaching north into New England.Wilmington Trust Corp., Wilmington, Del., has agreed to acquire Bingham Legg Advisers L.L.C., Boston, a wealth ...
May 01, 2007
About the ManagerChuck Akre is portfolio manager of the FBR Small Cap Fund, and founded his firm, Akre Capital Management (ACM), in 1989. He currently manages about...