Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
New Hire Roundup: OppenheimerFunds Makes Personnel Changes
By Marlene Y. SatterAlso in new hires, Snowden Capital Advisors adds a new vice president and controller while BrightScope has hired a new VP of data solutions.
January 27, 2014
Legg Mason Affiliate to Pay $21 Million to DOL, SECThe firm saddled 99 ERISA-covered plans with a prohibited investment due to a coding error, hid the error and sold at a loss, DOL says.
January 24, 2014
Johnson to Pick a Fidelity Veteran to Replace O’HanleyPresident Abigail Johnson has told employees that asset management head Ronald OHanley will be replaced by an internal successor.
January 22, 2014
Raymond James Posts Strong Quarterly ResultsAdvisor fees and commissions jump 10% from last year and 6% from the prior quarter, though its number of reps stays flat.
January 22, 2014
El-Erian’s PIMCO Exit: A Game Changer?Experts say the CEO wasn't pushed out, but it may prove difficult for PIMCO to fill his shoes at the firm and in the media.
January 22, 2014
Fidelity Asset Management Head Ron O’Hanley to LeaveFidelity plans to replace OHanley with an internal successor, whom it didnt name, according to a note to employees from President Abigail Johnson.
January 21, 2014
Breakaway Brokers Move to Focus, Raymond James, OthersIn addition to ex-wirehouse advisors, independent broker-dealers, RIAs and wealth management firms are expanding with "tuck-in" deals.
January 20, 2014
Morgan Stanley Aims for Higher Wealth Management ProfitsCEO James Gorman says its operations, which trail those of rival Merrill Lynch, should top 22% by late 2015 by selling more and keeping costs in line.