Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Fidelity Plans to Merge 3 Funds, as Assets Hit $3.5T
By Jeff Berman | Bernice NapachOne planned fund merger affects the flagship Magellan fund; meanwhile, the number of new RIA client accounts grew 164% from last year.
November 11, 2020
Canadian Investment Firm Nabs $2.7B RIANew York-based Roosevelt Investment Group is CI Financial's 12th RIA transaction this year and the third in two weeks.
November 06, 2020
UBS Slashes Asset Minimum for Robo-Advice ProgramThe wirehouse cuts the minimum for its hybrid Advice Advantage Program by 50%.
November 03, 2020
Eaton Vance Wealth Unit Wraps Up Purchase of $2.3B RIAThe news comes about one month after Morgan Stanley said it was buying asset manager Eaton Vance for $7 billion.
October 29, 2020
$475M UBS Team Jumps to RBC WealthThe Michigan-based group spent the past nine years at UBS and earlier was part of Merrill Lynch.
October 28, 2020
Raymond James Adds Advisors, but Private Client Profits FalterThe firm's latest earnings news comes about six weeks after it let go some 500 employees or roughly 4% of its workforce.
October 23, 2020
Wells Fargo Weighs Sale of Asset Management Arm; Restructures Wealth UnitThe news comes shortly after the bank announced it had cut hundreds of jobs, including advisors.
October 20, 2020
UBS Wealth Reports Dwindling Advisor Headcount, Asset Outflows in AmericasThe third-quarter results contrast with figures shared by rivals Merrill and Morgan Stanley.