Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
May 02, 2011
Raymond James, Baird Add Advisor Teams from Morgan Stanley, as Ameriprise Grabs Merrill FAsRaymond James could bring in $415 in client assets, Baird $400 million and Ameriprise some $250 million by attracting these wirehouse brokers.
April 29, 2011
BofA's Sallie Krawcheck Taps New Head of Merrill LynchJohn Thiel replaces Lyle LaMothe as head of Merrill's 16,695 financial advisors.
April 26, 2011
2011 Q1 Earnings: LPL Profits Jump 91.7%; Founder, President to Sell Big StakesLPL Financial saw profits of $49.0 million, 91.7% higher than a year ago, and the company’s founder and president are selling big stock stakes.
April 25, 2011
2011 Q1 Earnings: Ameriprise Says Profits Rise, Will Sell Securities AmericaAmeriprise Financial, which released its first-quarter earnings late Monday, said it was looking to sell Securities America, its troubled broker-dealer. Ameriprise also took a $77 million charge against its earnings in Securities America legal matter.
April 25, 2011
Goldman Sachs Asset Management Chief Urges More Exposure to BRICGoldman Sachs Asset Management Chairman Jim O’Neill on Saturday urged investors to get more exposure to the growth markets of the BRIC economies.
April 21, 2011
2011 Q1 Earnings: Morgan Stanley Wealth Unit Grows Sales 11%The current Morgan Stanley Smith Barney FA headcount of 17,800 is down about 2%, or by 340 reps, from last year and fell roughly 1%, or by 243 reps, from the prior quarter
April 20, 2011
2011 Q1 Earnings: Wells Fargo’s Wealth Unit Boosts Results, FA HeadcountWells Fargo Advisors adds about 50 financial advisors, as company’s overall results miss estimates.
April 14, 2011
New Hire Roundup: BlackRock Gets New Retail Chief; Krawcheck Leaves BoardBlackRock has tapped a new managing director to head up U.S. retail client solutions and also has announced that BofA's Sallie Krawcheck is leaving the board.
April 13, 2011
2011 Q1 Earnings: JPMorgan Profits Surge 67%; Asset Management AUM Up 9%JPMorgan kicked off Q1 2011 earnings season by reporting a 67% rise in profits, with EPS at $1.28 per share versus analysts’ expectations for EPS of $1.15.
April 11, 2011
Merrill Lynch Launches Ad Campaign for Clients, AdvisorsThe marketing push aims to attract advisors at rival firms and professionals looking to switch careers, according to a Merrill Lynch marketing executive