Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
RBC Wealth Adds $2B Reps From Wells Fargo, UBS and Other Firms
By Janet LevauxThe firm is picking up advisors in New York, Pennsylvania, New Jersey, Virginia and Maryland.
May 27, 2020
Wirehouses, IBDs, Brokerage Firms Post Q1 ResultsFrom Ameriprise Financial to UBS, financial groups see cash balances swell during the first three months of 2020.
May 14, 2020
Goldman to Buy Folio FinancialWith this deal, Goldman "fills in the last piece" of its wealth management ecosystem, consultant Gavin Spitzner says.
May 06, 2020
Franklin Templeton Buys Digital Wealth Platform AdvisorEngineThe deal comes less than three months after Franklin acquired asset manager Legg Mason for $4.5 billion.
April 29, 2020
Raymond James' Profits Fall 35% on COVID-19 IssuesPrivate client pretax income, though, rose 29% in the period ending March 31.
April 23, 2020
Wells Fargo Nabs Merrill, Morgan Stanley, UBS Reps; Loses Team to RBC: Recruiting RoundupBut Wells' employee channel lost a $688 million team to RBC in Wisconsin.
April 20, 2020
Dynasty Teams With RIA Mariner to Launch Wealth PlatformThe venture aims to combine Dynasty's platform with Mariner's wealth management skills.
April 15, 2020
Schwab Profits Fall 18% on COVID-19 Costs, Weaker Net InterestThe brokerage firm says it spent $37 million in its acquisition efforts, including USAA and TD Ameritrade.