Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Barclays, Morgan Stanley, Raymond James Grab Reps From Rivals
By Janet LevauxThe movement involves advisors with more than $15.6 billion in client assets under management and $36 million in yearly fees & commissions.
January 31, 2013
Most pension assets vulnerable to conflicts of interestA report shows that $707B in regulatory assets are managed by consultants who say they have one or more conflicts of interest.
January 30, 2013
Ameriprise Boosts Profits on Strong Wealth ResultsIts advisor headcount stands at 9,767--down about 50 advisors from the third quarter but up roughly 40 from last year
January 23, 2013
Wirehouses Roll Out ’13 Comp PlansAfter getting feedback from top advisors, Morgan Stanley said in December that it will share a new stock-ownership plan with reps in 2013.
January 23, 2013
Raymond James Boosts Sales, Income; Tops EstimatesThe independent broker-dealer improves results from the prior quarter and last year, though its headcount falls from September.
January 22, 2013
TD Profits Soften as Assets, Margins ImproveNet client inflows topped $15.5 billion in the period ending Dec. 31 as the trading firm beat estimates.
January 22, 2013
Focus Financial Partner Firms Complete Strategic DealsFocus Financial Partners announced Tuesday that four of its partner firms have completed strategic transactions in the last 60 days, either closing on important sub-acquisitions or recruiting well-respected new professionals to their firms.
January 18, 2013
Morgan Stanley at ‘Pivot Point,’ Says CEO, as Firm Tops Earnings EstimatesGorman adds that hes comfortable with the current headcount and that the wealth management unit has a pretax profit of 17%.