Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
UBS Nominates Board Members; Grabs Advisors From BofA, Morgan
By Janet LevauxThe recruited reps come from Bank of America and Morgan Stanley with about $3 billion in assets and $18 million in production.
January 26, 2012
Two Ways to More AssetsIt's difficult to get financial advisors to gently and persistently probe for additional funds.
January 25, 2012
Raymond James Meets Estimates as Results Weaken: Q1 FY 2012Private-client revenue grows 2% to $528.6 million as the number of financial advisors rises slightly.
January 24, 2012
Top 10 Trends in Wealth Management for 2012Whither wealth management? The industry will continue to undergo radical changes that began in 2008, says Aite Group in a detailed report.
January 19, 2012
Q4 Earnings: Morgan Stanley Posts Loss, Reports Lower Asset Flows, FA HeadcountMorgan Stanley reported a loss from continuing operations of $227 million, or $0.14 per share, vs. net income of $871 million, or $0.44 per share, for the same period a year agotopping analysts forecasts.
January 19, 2012
BofA Back in Black as Merrill Hires More FAs: Q4 EarningsBank of America said Thursday that it had net income of $2 billion for the fourth quarter of 2011 vs. a net loss of $1.2 billion in the same year-ago period, meeting analysts expectations.
January 18, 2012
Cerulli Projects Market Share Gains for RIAs and IBDsRegistered investments advisors and independent broker-deals are projected to each enjoy a 1% gain in assets held by the distributions channel, a new report concludes.
January 13, 2012
Q4 Earnings: JPMorgan Profits Down 23%; Asset Management Off 40%In JPMorgan Chase's Q4 2011 earnings release, CEO Jamie Dimon highlighted the bank's loans to businesses and consumers rather than focus on poor trading conditions and lower revenues.