Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
November 11, 2010
SEI Announces ‘No Fees’ for Low AUM AdvisorsSEI Advisor Network announced Tuesday the launch of a new initiative called, "No Advisor Fees, No Matter What."
November 02, 2010
The Hartford Reports Increased Income, AUM for Q3The Hartford reported Tuesday third quarter income of $666 million, up from a loss of $220 million one year ago.
October 27, 2010
Ameriprise Reports Healthy 3Q Profits as Advisor Force ShrinksAmeriprise Financial now has less than 12,000 financial advisors nationwide.
October 27, 2010
Calamos Posts Higher Revenues on Increased AUMCalamos Asset Management Inc. reported better-than-expected third quarter results late Tuesday with revenues topping $78 million, a 6% increase over the third quarter of 2009.
October 26, 2010
UBS U.S. Advisors Stem Client Outflows as Firm Boosts ProfitsDespite a decline of 503 advisors, UBS improves results in the Americas thanks to recruiting and retention
October 20, 2010
Morgan Stanley Advisors Reverse Asset Flows as Firm Sees Q3 LossAfter experiencing client withdrawals of nearly $8 billion in assets during the Q2, Morgan Stanley's U.S.-based advisors produced net inflows of $2.4 billion, while the company overall lost $91 million in Q3.
October 19, 2010
At Fusion Advisor Conference, Philip Palaveev Says, ‘Capture the Recovery’Philip Palaveev exhorts advisors to prepare to seize opportunity, selectively.
October 19, 2010
BNY Mellon's Q3 EPS Bounces Back; Record AUM of $1.14 TrillionBank of New York Mellon Corp. reported third-quarter 2010 profits of $625 million, or $0.51 per common share, compared with a loss of $2.44 billion, or $2.04, in Q3 2009.
October 19, 2010
Merrill Results Improve Despite Bank of America's Q3 LossBofA suffers Q3 loss; Merrill's advisor force tops 15,300, as annualized average sales stay above $850,000 per rep.
October 18, 2010
Citigroup Boosts Profits on Weak SalesCitigroup (C) reported third-quarter net income at $2.17 billion, or $0.07 a share, beating analysts' estimates by $0.01. Sales of $20.7 billion, however, missed estimates by $45 million.