Turnkey Asset Management
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Captrust Buying $3.7B South Texas Group
By Janet LevauxThe Texas firm's founder died of cancer in April.
July 26, 2019
How Will Schwab's USAA Deal Affect Advisors?Michael Kitces, Chip Roame, Jeff Levine and Jon Henschen weigh in on the $1.8 billion purchase.
July 25, 2019
Schwab to Buy USAA's Brokerage BusinessThe $1.8 billion deal comes less than two weeks after talks about such a deal were first reported.
July 25, 2019
Wells Fargo Taps Comerica Exec to Lead Private Wealth BusinessJulia Wellborn will lead the Private Bank and Abbot Downing and will be based in New York.
July 25, 2019
Wealth Units at Raymond James, Ameriprise & UBS Boost Profits: Q2 EarningsOnly one of the three firms, though, reported rising advisor headcount from both the prior year and the earlier quarter.
July 18, 2019
Morgan Stanley Profits Drop Despite Strong Wealth ResultsAverage yearly fees and commissions per advisor are $1.13 million, just slightly ahead of rival Merrill Lynch.
July 16, 2019
Wells Fargo, Schwab Beat Estimates: Q2 EarningsBank of America Merrill Lynch will release its Q2 figures on Wednesday, while Morgan Stanley will do so on Thursday.
July 15, 2019
Ritholtz Relaunches Digital Service at Betterment for AdvisorsThe service has no minimums and charges 50 basis points, which will be evenly split between the two firms.