Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Legg Mason Affiliate to Pay $21 Million to DOL, SEC
By Melanie WaddellThe 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 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.
January 10, 2014
Advisors Increasingly Outsource Asset Management: TiburonAs more advisors have moved away from the broker model, TAMPs have gained steam, according to Tiburon Strategic Advisors.
December 23, 2013
Morgan, Merrill, UBS Tweak Pay Packages for 2014The markets have been good to investors this year, leading many to wonder how they will stack up in 2014. For many wirehouse reps, the big question…
December 18, 2013
New Hire Roundup: Altegris Names Jack Rivkin CIOMeanwhile, Convergent welcomed Richard Wells and the Senate Finance Committee approved three nominees for federal positions.