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.
Q2 Earnings: Wells Fargo Beats Estimates; Advisor Headcount Drops
By Janet LevauxWith 15,194 financial advisors and about 3,800 bankers, Wells Fargo now has 18,989 licensed professional, which is 205 less than in Q1.
July 13, 2011
401(k) Provider Releases ‘All-In’ Fee CalculationLincoln Trust Co., a Denver-based third-party administrator, introduced the Personalized Expense Ratio (PER) Wednesday, which allows participants, plan sponsors, and advisors to see the actual cost of their plans without having to perform calculations themselves.
June 28, 2011
Global Managed Assets Return to 2007 Levels, Cerulli FindsIt's taken nearly two years, but global assets under management are back to where they were in 2007, with total AUM reaching $53 trillion at the end of 2010, according to Cerulli Associates.
June 28, 2011
Baird Adds 7 Advisors From Morgan Stanley, Wells FargoThe financial advisors join Baird in the Midwest with about $420 million in assets and $2.8 million in yearly fees and commissions
June 22, 2011
Morgan Keegan Agrees to Pay $210M Fine; Could Be Sold by Parent FirmAfter a big fine relating to mortgage-backed securities, Regions Financial brings on Goldman Sachs to explore "strategic alternatives" for the broker-dealer.
June 21, 2011
Bank of America to Double Size of Merrill Edge Advisor GroupThe mass-affluent group should have 1,000 advisors by year-end
June 17, 2011
Fidelity, Russell Surveys Find Disparity in Advisor-Client POVsFidelity Investments announced on Thursday the results of its third Insights on Advice survey.
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.