Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
Study: Most Assets Under Management Held in Advisory Accounts
By Warren S. HerschA 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 05, 2011
Touchstone Buys Mutual Fund Assets of Old Mutual Asset ManagementTouchstone says the addition of Old Mutuals affiliated investment managers will increase the range of funds that Touchstone offers and fill gaps in the companys current lineup with boutique managers who have strong, long-term performance records.
October 04, 2011
UBS Expects Modest Profit for Q3, New Client InflowsUBS said Tuesday that, despite a loss of $2.3 billion related to unauthorized trading and $433 million restructuring charge tied to cost cutting, it should report a modest net profit for the third quarter of 2011.
September 29, 2011
IRA Rollovers & RelationshipsA report released in early September by Spectrem focuses on a survey of nearly 1,000 investors who had recently made a rollover or had the opportunity to rollover assets, and found nearly one-third chose Fidelity as their IRA provider. Vanguard was a distant second at 11 percent.
September 29, 2011
UBS Cutting Staff, But Recruiting FAsUBS said it planned to cut staff by 3,500, or more than 5 percent of its global workforce, as part of its overall plan to trim about $2.5 billion from its yearly expenses by the end of 2013 to improve operating efficiency, the company explained in late August. About 10...
September 22, 2011
Guggenheim Partners Lifts Out Rydex|SGI to Form $119B Asset Management FirmGuggenheim Investments will offer equity, alternatives and fixed income investing options through a range of vehicles; Rydex CEO Richard Goldman will become COO of new firm.
September 19, 2011
Conning to Manage $8 Billion in Phoenix AssetsConning Inc. has agreed to acquire a fixed-income investment manager from the Phoenix Companies Inc. and to take over management of the company's publicly traded fixed-income general account insurance assets.
September 17, 2011
How to Build a Foolproof Family Limited PartnershipA strong FLP must be custom-built from the ground up or you risk having the IRS or a court set it aside.