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.
Study on Asset Management Examines Academics' Thinking
By Michael S. FischerA 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 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.
July 16, 2010
BofA Profits Fall in Q2, but Merrill Boosts Advisor Headcount, Fees, and IncomeBank of America, the parent company of Merrill Lynch, reported profits of $3.1 billion, or $0.27 per share, on $29.2 billion of revenues in the second quarter of 2010, down from Q2 in 2009.
July 16, 2010
Schwab Improves RIA Assets on Flat Profits in Q2Charles Schwab said it had net income of $205 million, or $0.17 cents a share, for the second quarter of 2010, flat vs. the second quarter of 2009 but up from $6 million for the first quarter of 2010.
July 15, 2010
JPMorgan Beats Estimates on Mixed Asset DataJPMorgan Chase on Thursday, July 15, reported earnings per share of $1.09 for the second quarter vs. $0.28 in the same year-ago period, sharply topping analysts' expectations of $0.70.
July 12, 2010
Morgan Stanley Attracts Seven Advisors from RivalsThe new Morgan Stanley Smith Barney FAs may bring over close to $5 million in yearly commissions and fees and nearly $560 million in client assets from UBS and Charles Schwab.
July 12, 2010
Morgan Stanley Hires Seven Advisors From RivalsMorgan Stanley Smith Barney (MSSB ) has hired six financial advisers from UBS and one from Charles Schwab, a spokesperson confirmed Monday, July 12.