Investment Platforms
Get the latest news and insights on investment platforms (including digital, mobile and online platforms), and how these developments impact financial advisors, the wealth management industry and more.
Eaton Vance Wealth Unit Wraps Up Purchase of $2.3B RIA
By Jeff BermanThe news comes about one month after Morgan Stanley said it was buying asset manager Eaton Vance for $7 billion.
October 23, 2020
Wells Fargo Weighs Sale of Asset Management Arm; Restructures Wealth UnitThe news comes shortly after the bank announced it had cut hundreds of jobs, including advisors.
October 20, 2020
UBS Wealth Reports Dwindling Advisor Headcount, Asset Outflows in AmericasThe third-quarter results contrast with figures shared by rivals Merrill and Morgan Stanley.
October 15, 2020
Schwab Q3 Profits Drop 22% as Net New Assets FallThe firm reports diverging results for its RIA and DIY investor businesses a week after wrapping up the TD Ameritrade deal.
October 14, 2020
Billion-Dollar RIAs' Annual Growth Tops 9%: SchwabLarge firms are likelier than their peers to have written strategic and succession plans in place.
October 14, 2020
Is JPMorgan Buying Waddell & Reed?Rumors are circulating after last week's news about Morgan Stanley buying Eaton Vance.
October 09, 2020
Vanguard Swaps Out Subadvisor on $9.8B FundSprucegrove Investment Management takes over from Edinburgh Partners.
October 09, 2020
Annual Growth Tops 7% for Small RIAs: SchwabOrganic growth contributed two times more to overall asset growth than it did for larger firms.