Turnkey Asset Management
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Advisors Take Note: Millionaires Tired of Handling Investments
By Marlene Y. SatterMillionaires just aren’t having as much fun managing their own money these days. Not only that, they’d rather that someone else did it for them—so says a new Spectrem Group study, “Millionaire Investors 2011, Vol. 1,” released Tuesday.
May 19, 2011
New Hire Roundup: National Advisor Trust Gains Alfred; Lewis, Morris Team Under LemayNational Advisors Trust welcomed James D. Alfred to the fold, while Jeannie Lewis and Bryan Morris went to Deloitte under the leadership of April Lemay.
May 13, 2011
Capital Analysts Adds Shore Morgan Young to Flat-Fee Affiliation ModelThe deal with Shore Morgan Young means that Capital Analysts has more then $8 billion in assets and over 330 affiliated financial advisors.
May 12, 2011
Baird Hires Morgan Stanley Exec as New Regional DirectorMichael J. Schroeder, president of Baird’s private-wealth group, also announced several changes to its management team.
May 11, 2011
New Hire Roundup: Neuberger Berman Taps Modigliani; BNY Mellon Appoints MasihAviva Investors enters market, New York Life names regional VP, Pawlich heads office for AUL Retirement.
May 06, 2011
Rising Equities Lift Corporate Pensions in April: BNY MellonFunded status of U.S. corporate pensions increased slightly in April to 89.2%, an increase of 0.7 percentage points, BNY Mellon Asset Management found.
May 03, 2011
Asset Management M&A Continues at a Slower PacePwC Transaction Services report finds overall financial services deals will increase.
May 02, 2011
Raymond James, Baird Add Advisor Teams From Morgan Stanley, as Ameriprise Grabs Merrill FAsRaymond James could bring in $415 million in client assets, Baird $400 million and Ameriprise some $250 million by attracting these wirehouse brokers.