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.
One Man’s Quest to Find an Indie RIA Buyer
By Joyce HansonWhen Harry Rady flew to New York from San Diego recently, he was on a mission: to find an independent RIA that would buy him out.
November 04, 2011
Morgan Stanley Adds 3 Advisors From UBS With Nearly $1 BillionMorgan Stanley said Thursday it had recruited three UBS advisors in New Jersey and Georgia with nearly $1 billion in assets and more than $8 million in yearly fees and commissions.
October 31, 2011
BofA-Merrill Strikes Back, Snags Credit Suisse, Wells Advisors With $1.5BAfter losing a $1 billion team to Morgan Stanley, Merrill acts, then also hires 27 advisors for Merrill Edge.
October 31, 2011
European Bank Recapitalization Unimpressive: AnalystsEuropean banks seeking to recapitalize and meet new goals set for them by regulators are seeking to do so largely through internal actions than by raising outside funding from investors, and analysts are not impressed by the method.
October 28, 2011
Wirehouses to Lose 8% in Market Share, Average AUM Up 10%: CerulliCerulli reports that wirehouse broker-dealers had 43% of industry assets in 2010, an estimated 40% today and an expected 35% by 2013 representing an 8% decline.
October 26, 2011
Guggenheim Absorbs RydexGuggenheim Partners is folding rydex SGI into its ETF asset management group. Combined together, the firm will have approximately $119 billion under management.
October 26, 2011
Ameriprise Misses Estimates, but Boosts Advisor Force: Q3 EarningsThe company now has 9,714 FAs and says it has improved its retention levels, margins.
October 25, 2011
TD Ameritrade Posts Big Gains in Net Income, Revenue for Q4, FY 2011Company reports record net new client assets of $41 billion during fiscal year; plans further stock buybacks.