Turnkey Asset Management
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Q3’12 Earnings
By Janet LevauxBank of America had net income of $340 million, or $0.00 per share, in the third quarter, compared to $6.2 billion, or $0.56 per share, in the year-ago quarter.
November 12, 2012
M&A Deals in Q3 Slowest for 2012: PershingMergers and acquisitions slowed down in the third quarter after increasing since the last quarter of 2011, Pershing Advisor Solutions announced Nov. 9.
November 08, 2012
Research Affiliates, WisdomTree Settle for $700,000The ETF provider WisdomTree will receive the one-time payment, and the parties pledge not to sue each other for the next eight years over indexes and strategies.
November 07, 2012
Barclays Recruits 18 Advisors; Morgan Stanley Adds 1; LPL Group Brings on Wells TeamThe new Barclays advisors come from many wirehouse and other firms with close to $40 million in yearly fees and commissions, as well as about $9.4 billion in assets.
October 31, 2012
New Hire Roundup: Wedbush Private Client Services Group Adds WrightAlso this week in new hires, Lance Losey and Mary Welk joined Ascent Private Capital Management and Michael Millman joined The Private Client Reserve in San Francisco.
October 22, 2012
Treasury to sell off AIG stake this year?AIG CEO Robert Benmosche says a window will open when the Treasurys lockup ends in November.
October 17, 2012
BofA Earnings Beats Estimates, but Advisors’ Sales SlowAs bank sees plunge in profits from last year's Q3, the number of Merrill Lynch advisors drops by one from the previous quarter to 17,533.
October 17, 2012
RBS Leaves U.K. Asset Protection PlanRoyal Bank of Scotland Group has paid 2.5 billion pounds ($4 billion) to the British government to insure its riskiest assets and agreed to exit the Asset Protection Scheme.