Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
August 22, 2019
Captrust Buying $3.7B South Texas GroupThe Texas firm's founder died of cancer in April.
August 14, 2019
First-Half Advisor M&A Surge Continues in July: FidelitySeven RIA deals took place in July, including the sale of Wealth Enhancement Group, with nearly $12 billion in AUM.
August 06, 2019
What US-Based RIAs Can Learn From Their UK CounterpartsPershing's Mark Tibergien and Geoff Towers discuss how advisor regs overseas could shape future U.S. rules.
July 26, 2019
How Will Schwab's USAA Deal Affect Advisors?Michael Kitces, Chip Roame, Jeff Levine and Jon Henschen weigh in on the $1.8 billion purchase.
July 25, 2019
Schwab to Buy USAA's Brokerage BusinessThe $1.8 billion deal comes less than two weeks after talks about such a deal were first reported.
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.