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.
2011 Q1 Earnings: LPL Profits Jump 91.7%; Founder, President to Sell Big Stakes
By Joyce HansonLPL Financial saw profits of $49.0 million, 91.7% higher than a year ago, and the company’s founder and president are selling big stock stakes.
April 21, 2011
2011 Q1 Earnings: Morgan Stanley Wealth Unit Grows Sales 11%The current Morgan Stanley Smith Barney FA headcount of 17,800 is down about 2%, or by 340 reps, from last year and fell roughly 1%, or by 243 reps, from the prior quarter
April 20, 2011
2011 Q1 Earnings: Wells Fargo’s Wealth Unit Boosts Results, FA HeadcountWells Fargo Advisors adds about 50 financial advisors, as company’s overall results miss estimates.
April 14, 2011
New Hire Roundup: BlackRock Gets New Retail Chief; Krawcheck Leaves BoardBlackRock has tapped a new managing director to head up U.S. retail client solutions and also has announced that BofA's Sallie Krawcheck is leaving the board.
April 13, 2011
2011 Q1 Earnings: JPMorgan Profits Surge 67%; Asset Management AUM Up 9%JPMorgan kicked off Q1 2011 earnings season by reporting a 67% rise in profits, with EPS at $1.28 per share versus analysts’ expectations for EPS of $1.15.
April 11, 2011
Merrill Lynch Launches Ad Campaign for Clients, AdvisorsThe marketing push aims to attract advisors at rival firms and professionals looking to switch careers, according to a Merrill Lynch marketing executive
April 04, 2011
A Year to RememberVariable annuities ended the year on a strong note by virtually all measures. 2010 new sales totaled $136.6 billion, an increase of 10.3% over 2009 sales of $123.9 billion.
April 03, 2011
A Year to RememberVariable annuities ended the year on a strong note by virtually all measures. 2010 new sales totaled $136.6 billion, an increase of 10.3% over 2009 sales of $123.9 billion.