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: Pensionmark Adds San Diego Office
By Marlene Y. SatterThis week in new hires, Pensionmark added a San Diego office to its advisor support program and Susan Dulde was named manager of operations at Next Generation Wealth Management.
July 29, 2013
Morgan Stanley Gets Approval To Buy Rest of Smith BarneyMorgan Stanley has the government’s thumbs-up to buy the final 35% stake in its Morgan Stanley Smith Barney joint venture from Citigroup.“This…
July 29, 2013
Wells Fargo Adds 34 Teams, $5.4B to Independent ChannelRecent groups have come on board from rivals like Morgan Stanley, Merrill Lynch and UBS.
July 25, 2013
Ameriprise Lifts Profits 44% on Strong Wealth ResultsFlows of client assets into advisor wrap programs were $3.1 billion in Q2, down from $4.1 billion in Q1.
July 25, 2013
UBS Signals Sizable Jump in Net Profits for Q2Estimated net asset inflows for Wealth Management Americas at $2.9 billion for its 7,000-plus advisors in Q2 2013.
July 22, 2013
Top 10 Global Private BanksHere are the 10 private banks with the top AUM, according to the 2013 Scorpio Partnership Global Private Banking Benchmark report.
July 18, 2013
Morgan Stanley Reports 42% Jump in Q2 Net IncomeIts 16,300 advisors have yearly production of $866,000 on average.
July 16, 2013
Schwab Q2 Profit Drops 11%; Sales Improve 4%Asset management and administration fees experience a 15% year-over-year increase and total $572 million in the latest period.