Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
UBS Turns Profits Around, Beats Estimates
By Janet LevauxUBS says its advisors in the Americas have yearly fees & commissions of $1 million on average.
January 24, 2014
Johnson to Pick a Fidelity Veteran to Replace O’HanleyPresident Abigail Johnson has told employees that asset management head Ronald OHanley will be replaced by an internal successor.
January 22, 2014
Raymond James Posts Strong Quarterly ResultsAdvisor fees and commissions jump 10% from last year and 6% from the prior quarter, though its number of reps stays flat.
January 22, 2014
El-Erian's PIMCO Exit: A Game Changer?Experts say the CEO wasn't pushed out, but it may prove difficult for PIMCO to fill his shoes at the firm and in the media.
January 22, 2014
Fidelity Asset Management Head Ron O’Hanley to LeaveFidelity plans to replace OHanley with an internal successor, whom it didnt name, according to a note to employees from President Abigail Johnson.
January 21, 2014
Breakaway Brokers Move to Focus, Raymond James, OthersIn addition to ex-wirehouse advisors, independent broker-dealers, RIAs and wealth management firms are expanding with "tuck-in" deals.
January 20, 2014
Morgan Stanley Aims for Higher Wealth Management ProfitsCEO James Gorman says its operations, which trail those of rival Merrill Lynch, should top 22% by late 2015 by selling more and keeping costs in line.
January 10, 2014
Advisors Increasingly Outsource Asset Management: TiburonAs more advisors have moved away from the broker model, TAMPs have gained steam, according to Tiburon Strategic Advisors.