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.
Envestnet to Acquire TAMP FundQuest for $24 Million
By James J. GreenEnvestnet–which has built on its TAMP legacy–will use cash to acquire BNP Paribas' U.S. TAMP provider
August 03, 2011
Older Workers in Labor Force Is Highest in 35 YearsMore Americans close to or beyond retirement age are staying in the work force. The so-called labor-force participation rate reached 40.2% for older workers in 2010, the highest level over the 1975–2010 period, according to new data from the Employee Benefit Research Institute.
August 01, 2011
Recovery Slow for Wealth Management Assets: Aite ReportThe U.S. wealth management industry had high hopes pinned on 2010, but a report released Tuesday by Aite Group found, the overall market size of the brokerage and advisory industry had not fully recovered from its losses by year-end.
July 29, 2011
Asset Management Firms Leverage New Media StrategiesA recent report by the Financial Research Corporation (FRC), Boston, Mass., evaluated the marketing strategies of thirteen asset management firms since 2010.
July 28, 2011
Asset Management Firms Leverage New Media StrategiesA recent report by the Financial Research Corporation (FRC), Boston, Mass., evaluated the marketing strategies of thirteen asset management firms since 2010.
July 28, 2011
New Hire Roundup: Seilers Join Raymond James and Williams Moves Up, Carson Wealth Launches RIAThis week in new hires, the Seiler brothers went to Raymond James, while Greg Williams was named to a new position there; Carson Wealth Management launched its own RIA; and Aaron Cooper and Richard Perkins went to Putnam.
July 27, 2011
Q2 Earnings: Ameriprise Misses Estimates; No News on Securities America SaleThe number of Ameriprise advisors is 9,663, the company says, and its discontinued operations lost $4 million in the period.
July 27, 2011
Q2 Earnings: LPL Financial Net Revenue Rises 13.1%LPL Investment Holdings Inc., parent company of LPL Financial, reported second quarter net income Wednesday of $45.5 million, or $0.40 per diluted share, up $37.5 million compared to second quarter 2010 net income of $8 million, or $0.08 per diluted share.