Turnkey Asset Management
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Stifel’s Profits Crash in Q2 Despite Wealth Growth; Ladenburg Results Weaken
By Janet LevauxStifel Financial is getting rid of the indie reps it bought from Sterne Agee, but holding on to the ex-Barclays reps.
July 28, 2016
Ameriprise Misses Q2 Estimates, Cites Market TurmoilThe firm cited increased volatility, lower average equity markets and persistently low interest rates for a 19% profit drop.
July 20, 2016
Raymond James Tops Estimates, Reports Strong Revenue: Q2 EarningsPlus, the Private Client Group's fee-based business is growing 11% year over year, according to CEO Paul Reilly.
July 20, 2016
Morgan Stanley Profits Drop 14%: Q2 EarningsThe wealth group had pretax earnings of $859 million, down 3% from a year ago.
July 20, 2016
PIMCO Names Man Group’s Chief Emmanuel Roman as Its New CEORoman to replace Douglas Hodge, who succeeded Mohamed El-Erian in 2014, as asset manager moves to diversify beyond fixed income focus.
July 20, 2016
SheCapital, Robo-Advisor Aimed at Women, Shuts DownAfter nearly a year, SheCapital, led by Tina Powell of Beacon Wealth, didn't achieve the activity it needed to stay afloat.
July 20, 2016
TIAA hires UBS’s Nick as strategy chief for asset managerInsurance and annuities providers have been bulking up asset-management businesses, which tend to be less capital intensive and can generate more fee income.
July 19, 2016
TD Ameritrade Earns $240M in Quarter; Says Retail Robo Is ComingAdvisor business was particularly strong in the quarter ended June 30, say outgoing CEO Tomczyk and incoming CEO Hockey.