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.
Research Affiliates, WisdomTree Settle for $700,000
By Janet LevauxThe 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.
October 25, 2012
Credit Suisse to Slash $1.1 Billion More on Plunging ProfitsIt will cut additional jobs and possibly sell off its ETF business, seeking to make up for a drop in profits of 63%.
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.
October 16, 2012
Baird Grabs 7 Reps With $970M as Janney Adds New ManagerThe new Baird reps join from Morgan Stanley, Citi and other firms.
October 11, 2012
PIMCO’s Total Return ETF Races to Record $3 Billion in AssetsThe fund run by legendary bond manager Bill Gross is among the 10 top-selling ETFs this year.
October 09, 2012
Julius Baer May Cut 1,000 Jobs After Merrill AcquisitionThe bank seeks to reduce its workforce by 15%18%, now that it has a combined staff of some 5,700 in the wake of its acquisition of Bank of America-Merrill Lynchs former U.S. wealth management units.