Turnkey Asset Management
Get the latest news and insights about turnkey asset management platforms (TAMPs), programs and solutions used by financial advisors, especially RIAs.
LPL Set to Buy Waddell & Reed's Wealth Unit for $300M
By Janet LevauxThe deal should take place after Australia-based Macquarie Group acquires all of Waddell & Reed's operations for $1.7 billion.
November 24, 2020
CI Financial Strikes 10th U.S. Wealth Deal of the YearThe Toronto-based firm is acquiring a majority stake in Dallas-based RGT Wealth Advisors.
November 16, 2020
Kitces.com Partners With Wealth Network on Advisor Education ProjectDisruption tied to current pandemic "has led to a rapid increase in demand for [our] ... content," said blogger and planner Michael Kitces.
November 11, 2020
Canadian Investment Firm Nabs $2.7B RIANew York-based Roosevelt Investment Group is CI Financial's 12th RIA transaction this year and the third in two weeks.
November 06, 2020
UBS Slashes Asset Minimum for Robo-Advice ProgramThe wirehouse cuts the minimum for its hybrid Advice Advantage Program by 50%.
November 03, 2020
Eaton Vance Wealth Unit Wraps Up Purchase of $2.3B RIAThe news comes about one month after Morgan Stanley said it was buying asset manager Eaton Vance for $7 billion.
October 29, 2020
$475M UBS Team Jumps to RBC WealthThe Michigan-based group spent the past nine years at UBS and earlier was part of Merrill Lynch.
October 28, 2020
Raymond James Adds Advisors, but Private Client Profits FalterThe firm's latest earnings news comes about six weeks after it let go some 500 employees or roughly 4% of its workforce.