Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Munder Managers and Partners Buy Firm
By Staff WriterLed by senior management and portfolio managers, Birmingham, Michigan-based Munder Capital Management will team up with Crestview Partners, L.P., and Grail Partners, LLC, to pay Comerica $302 million plus Munder's stake in World Asset Management, for Comerica's 90% interest in Munder Capital Management.
June 09, 2006
Growth and TaxesThe Senate's failure on June 8 to approve a permanent repeal of the federal estate tax would not sit well with former Senator Bob Dole, the Kansas Republican who ran for President in 1996.
June 01, 2006
T. Rowe Price Expands Its Advisor-Class LineupHoping to boost sales by advisors of its popular no-load global stock fund, T. Rowe Price has added the fund to its list of Advisor...
May 26, 2006
Separate Accounts Biz Brisk at SchwabSeparately managed accounts (SMAs) are growing fast at Charles Schwab as fee-based advisors seek to outsource money management for clients and concentrate on other aspects of wealth management, such as tax or estate planning.
March 20, 2006
New OM Fund Fee Structure Aims to Lure InstitutionsLONDON (HedgeWorld.com)--Old Mutual Asset Managers has announced the launch of the Old Mutual Spectrum Plus Fund, the latest offering from its multi-strategy products team. The new fund will target higher than average returns while maintaining careful control over its risk profile. The fund will be run by Richard Tomlinson, a...
March 13, 2006
Novoste Shareholders Nix DissolutionNORCROSS, Ga. (HedgeWorld.com)--Shareholders rejected a plan of dissolution that would have put the remaining assets of Novoste Corp., a medical-technology company, into a liquidating trust. The rejection is a victory for Steel Partners II LP, an activist hedge fund, which has solicited proxies in opposition to this proposal. Steel Partners'...
March 01, 2006
Old-Fashioned AdviceOn a recent Thursday, advisor Howard Sontag had his first client meeting of the morning with a hedge fund manager and his wife who had...
February 22, 2006
Profits Rise At MassMutualAsset growth helped results at Massachusetts Mutual Life Insurance Company in 2005.MassMutual, Springfield, Mass., is reporting $753 million in statutory net income for 2005 on ...