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.
How Will Schwab's USAA Deal Affect Advisors?
By Janet LevauxMichael Kitces, Chip Roame, Jeff Levine and Jon Henschen weigh in on the $1.8 billion purchase.
July 25, 2019
Wells Fargo Taps Comerica Exec to Lead Private Wealth BusinessJulia Wellborn will lead the Private Bank and Abbot Downing and will be based in New York.
July 25, 2019
Wealth Units at Raymond James, Ameriprise & UBS Boost Profits: Q2 EarningsOnly one of the three firms, though, reported rising advisor headcount from both the prior year and the earlier quarter.
July 18, 2019
Morgan Stanley Profits Drop Despite Strong Wealth ResultsAverage yearly fees and commissions per advisor are $1.13 million, just slightly ahead of rival Merrill Lynch.
July 16, 2019
Wells Fargo, Schwab Beat Estimates: Q2 EarningsBank of America Merrill Lynch will release its Q2 figures on Wednesday, while Morgan Stanley will do so on Thursday.
July 15, 2019
Ritholtz Relaunches Digital Service at Betterment for AdvisorsThe service has no minimums and charges 50 basis points, which will be evenly split between the two firms.
July 15, 2019
Schwab Aims to Buy USAA Brokerage Business: ReportCharles Schwab is said to be offering about $2 billion for the unit.
July 12, 2019
Raymond James Wrestling With Subscription ModelCEO Paul Reilly says that robo-advice "is table stakes" and ponders how the firm could raise its game.