Turnkey Asset Management
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Guggenheim Absorbs Rydex
By Ron DeLeggeGuggenheim Partners is folding rydex SGI into its ETF asset management group. Combined together, the firm will have approximately $119 billion under management.
October 19, 2011
Morgan Stanley Tops Estimates; Advisors Attract $15.5B of Inflows: Q3 EarningsMorgan Stanley said Tuesday that it had net income of $2.2 billion, or $1.14 per share, from continuing operations compared with income of $314 million, or $0.05 per share, for the same period a year ago, beating analysts estimates.
October 18, 2011
Q3 Earnings: BofA Tops Estimates as Merrill Boosts Advisor CountNet inflows of client assets were nearly $2 billion in the third quarter for the wealth-management unit vs. outflows of about $2.5 billion last year.
October 18, 2011
At CFDD 2011, TDFs Prove Their ValueAre target-date funds being used as they were intended? Carol Waddell, vice president of product management for T. Rowe Price, posed this question to attendees on Monday at the Center for Due Diligences 2011 conference in Chicago.
October 17, 2011
Q3 Earnings: Citigroup's Climb 74% on Accounting GainCiting a one-time accounting boost, Citigroup reported a 74% rise in Q3 2011 profits compared with a year ago. Citi CEO Vikram Pandit said the bank continues to pare down its brokerage and asset management units.
October 14, 2011
Study: Most Assets Under Management Held in Advisory AccountsA higher proportion of assets held in advisory accounts were reported by firms focused on high-net-worth clients as compared to firms focused on mass-market clients, an Ernst & Young study finds.
October 14, 2011
Study: Most Assets Under Management Held in Advisory AccountsA higher proportion of assets held in advisory accounts were reported by firms focused on high-net-worth clients as compared to firms focused on mass-market clients, an Ernst & Young study finds.
October 13, 2011
Q3 Earnings Kickoff: JPMorgan Profit Drops 4%JPMorgan Chase & Co. on Thursday kicked off the finance sectors first major earnings release for the third-quarter with an anticipated drop in profit, down 4% to $4.26 billion from $4.42 billion a year ago.