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.
Morgan Keegan Agrees to Pay $210M Fine; Could Be Sold by Parent Firm
By Janet LevauxAfter a big fine relating to mortgage-backed securities, Regions Financial brings on Goldman Sachs to explore "strategic alternatives" for the broker-dealer.
June 09, 2011
Fairholme’s Berkowitz Defends Performance, Details Decisions: Morningstar ConferenceBerkowitz, suffering from laryngitis, nonetheless answered questions from Morningstar’s Don Phillips about the investments he makes, his macroeconomic viewpoint and the criticism he’s received over his fund’s poor performance during the past six months.
June 09, 2011
Morgan Stanley to Fire More Advisors Who UnderperformedThe layoff news comes just three months after a few hundred low-producing FAs were cut from Morgan Stanley Smith Barney.
June 01, 2011
Robert Jenkins to Lead FRCA former Fidelity Investments executive is taking over as president of Financial Research Corp.
June 01, 2011
LPL Posts Strong First-Quarter ProfitsLPL Financial reported first-quarter 2011 profits of $49.0 million, 91.7 percent higher than the $25.6 million in profits it reported a year ago. In addition,…
June 01, 2011
Robert Jenkins to Lead FRCA former Fidelity Investments executive is taking over as president of Financial Research Corp.
June 01, 2011
Waste Disposal Gets ETFWant to add some garbage to your clients’ portfolios? A new ETF called the Global X Waste Management ETF (WSTE) invests in companies involved in…
June 01, 2011
Wirehouse Firms Share First-Quarter ResultsMorgan Stanley reported adjusted first-quarter net income of $966 million, or $0.50 per share, compared with income of $1.8 billion, or $1.03 per share,…