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Giant financial institutions and wirehouses that spent fortunes attracting and retaining top-producing brokers and wealth managers over the past few years may be about to get socked with a big wave of departures this year and, especially, in 2012.
June 8 -
Morgan Stanley Smith Barney plans to continue to trim underperformers from its financial advisor force in addition to the 300 positions that it severed in the first quarter, a spokesperson for the firm confirmed on Tuesday.
June 8 - Money Management Executive
State Street Corp. this week said it will roll out a new mobile application for executive-level portfolio and fund managers' iPads in the fall, giving clients real-time access to portfolio and risk exposure data on their beloved mobile devices.
June 8 -
A former employee pleaded guilty Monday in federal court to helping Bernie Madoff create false records for investors.
June 7 -
Credit Suisse Asset Management has re-launched the Credit Suisse Floating Rate High Income Fund, previously known as the Credit Suisse High Income Fund.
June 7 -
Parametric Launches Structured Commodity Strategy Fund
June 7 -
Fidelitys Drake on the Five New Retirement Risks
June 7 - Money Management Executive
Money Management Executive Launches 2011 NOVA Fund Operations Awards
June 7 -
ICI Urges DOL to Make Electronic Delivery Default for 401(k)s
June 7 - Money Management Executive
BNY Mellon Asset Servicing, the asset servicing arm of Bank of New York Mellon, has signed Edward Jones as the first broker-dealer to use its subaccounting services for 529 plans, a type of tax-advantaged college savings plan.
June 6