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.
Electronic Trading Group Buys Asset Manager
By Kate McBrideKnight Capital Group, Inc. is getting into the business.
July 23, 2010
Edward Jones Rolls Out New Transition Package (March 20, 2009)To help it grow its advisor force 9 percent this year, Edward Jones has developed an enhanced transition package for current successful financial advisors who join the firm.
July 21, 2010
As Wells Fargo Reports Q2 Earnings, Advisor Total Ranks No. 3As Wells Fargo on July 21, beat estimates on lower sales and profits, it saw the ranks of its advisor force move into the number three spot, despite rising year-over-year assets and sales in its wealth-management and brokerage businesses.
July 21, 2010
Study on Asset Management Examines Academics' ThinkingA new research paper evaluates academic contributions to the field of asset management and find them wanting, at least in terms of how the real world works.
July 21, 2010
Morgan Stanley Raises Profits as Wealth Unit Sees OutflowsMorgan Stanley Smith Barney said Wednesday, July 21, that its global wealth management clients withdrew net $5.5 billion during the second quarter
July 20, 2010
BNY Mellon Boosts Q2 Earnings on Lower Clearing IncomeThe Bank of New York Mellon reported on July 20, quarterly income from continuing operations of $668 million, or $0.55 per share, compared with $267 million, or $0.23 per share, in the second quarter of 2009.
July 20, 2010
BNY Mellon Boosts Earnings on Lower Clearing IncomeRevenue from clearing services to broker-dealers and RIAs was $369 million in the most-recent period, down 8% from last year but up 1% from the first quarter.
July 18, 2010
BofA Profits Fall in Q2, but Merrill Boosts Advisor Headcount, Fees and IncomeMerrill operations have 15,142 advisors as of the second quarter vs. 15,005 in the previous quarter and 15,008 a year ago.