Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Mercer Brings Its Research to Focus Financial
By Joyce HansonThe deal allows Focus Financials partner firms to tap the expertise of Mercer, one of the worlds largest investment and human resources consulting firms.
July 20, 2012
Genworth Wealth Adds 4 Strategists, 8 StrategiesI call it the happy meal, says Genworth Wealth Management President and CEO Gurinder Ahluwalia of the firm's simplified menu of portfolio strategies for indie advisors.
July 19, 2012
Morgan Stanley Profit Off 53% as MSSB Loses 1,053 AdvisorsThe Global Wealth Management Group, which includes the MSSB joint venture, reported a pretax profit margin of 12%, versus 11% in the prior quarter and 9% a year ago.
July 17, 2012
TD Ameritrade Q3 Earnings Fall, but Net New Client Assets Up 23%Pete Dorsey, managing director of TDAI, says the unit is on track to add a record number of breakaway brokers, with 324 added in the fiscal year to date.
July 11, 2012
LPL Adds Strategies to Growing Fee-Based Models Platform, Lowers MinimumsNew strategies added to the platform include offerings from AlphaSimplex, J.P. Morgan Asset Management and Morningstar. LPL will also lower the account minimum to $25,000 from $100,000, Vice President John Moninger said.
July 02, 2012
HighTower Adds Ex-UBS Team; Baird Grabs Merrill, Morgan FAsThe former UBS team should go independent with about $330 million in assets, while the advisors joining Baird could bring about $460 million in AUM and $3.2 million in yearly fees and commissions.
June 27, 2012
SEI Testing Wealth Platform for AdvisorsSEI is running a pilot program to improve its administrative and operational platform for advisors, with a full launch planned for the first quarter of 2013.
June 21, 2012
S&P Capital IQ Signs Partnership Deal With La Francaise AMThe Global Markets Intelligence unit at S&P Capital IQ has partnered with Paris-based La Francaise AM to share global credit expertise and expand their investor-driven businesses.