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 Stanley Tops Estimates; Advisors Attract $15.5B of Inflows: Q3 Earnings
By Janet LevauxMorgan Stanley said Tuesday that it had net income of $2.2 billion, or $1.14 per share, from continuing operations compared with income of $314 million, or $0.05 per share, for the same period a year ago, beating analysts estimates.
October 17, 2011
Q3 Earnings: Citigroup's Climb 74% on Accounting GainCiting a one-time accounting boost, Citigroup reported a 74% rise in Q3 2011 profits compared with a year ago. Citi CEO Vikram Pandit said the bank continues to pare down its brokerage and asset management units.
October 14, 2011
Study: Most Assets Under Management Held in Advisory AccountsA higher proportion of assets held in advisory accounts were reported by firms focused on high-net-worth clients as compared to firms focused on mass-market clients, an Ernst & Young study finds.
October 14, 2011
Study: Most Assets Under Management Held in Advisory AccountsA higher proportion of assets held in advisory accounts were reported by firms focused on high-net-worth clients as compared to firms focused on mass-market clients, an Ernst & Young study finds.
October 13, 2011
Q3 Earnings Kickoff: JPMorgan Profit Drops 4%JPMorgan Chase & Co. on Thursday kicked off the finance sectors first major earnings release for the third-quarter with an anticipated drop in profit, down 4% to $4.26 billion from $4.42 billion a year ago.
October 05, 2011
Touchstone Buys Mutual Fund Assets of Old Mutual Asset ManagementTouchstone says the addition of Old Mutuals affiliated investment managers will increase the range of funds that Touchstone offers and fill gaps in the companys current lineup with boutique managers who have strong, long-term performance records.
October 05, 2011
Touchstone Buys Mutual Fund Assets of Old Mutual Asset ManagementTouchstone says the addition of Old Mutuals affiliated investment managers will increase the range of funds that Touchstone offers and fill gaps in the companys current lineup with boutique managers who have strong, long-term performance records.
October 04, 2011
UBS Expects Modest Profit for Q3, New Client InflowsUBS said Tuesday that, despite a loss of $2.3 billion related to unauthorized trading and $433 million restructuring charge tied to cost cutting, it should report a modest net profit for the third quarter of 2011.