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.
Principal Financial Q2 Earnings Disappoint
By John SullivanDespite remaining in the black during the economic downturn, Principal Financial Group, Inc. reported disappointing second quarter earnings on Monday, August 2.
July 28, 2010
Ameriprise Financial Improves Earnings on Lower FA HeadcountAmeriprise, which includes Securities America, now has 11,684 advisors vs. 12,508 in the same year-ago period.
July 27, 2010
Deutsche Bank Q2 2010 Earnings Were $2.27 vs. $2.12 in Q2 2009, Matching EstimatesDeutsche Bank, Germany's biggest bank, reported second-quarter net income of $1.55 billion (EUR 1.2 billion) versus $1.42 billion in second-quarter 2009, the Frankfurt-based company announced Tuesday, July 27.
July 26, 2010
Electronic Trading Group Buys Asset ManagerKnight Capital Group, Inc. is getting into the business.
July 26, 2010
Knight Capital to Buy Astor Asset ManagementElectronic-trading group is buying Astor for about $20 million in cash and stock.
July 23, 2010
T. Rowe Price Earnings Fall Short of Analyst ExpectationsT. Rowe Price (TROW) reported net income of $158.5 million, or $0.59 per share, for the second quarter, an increase of 55% from the same time last year. Despite the increase, earnings fell short of analyst expectations.
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.