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In the past three years, bond funds have been raking in the assets.
October 12 -
Raymond James acquisition of Morgan Keegan this year has injected an unprecedented number of new financial advisors into the firms ranks, while it continues to see interest from high profile prospective recruits from rival wealth management firms, according to Dennis Zank, chief operating officer at Raymond James.
October 12 -
ClearBridge Advisors the largest manager of equity funds at parent company Legg Mason, apparently wants to cut the apron strings, announcing it would drop the Legg Mason name from all its U.S. funds over the next few months.
October 12 -
Asset managers spend more than 80 percent of their technology dollars simply maintaining existing operations. With regulatory changes and trading spanning more types of assets, the buy side has a situation of underinvestment which is unsustainable, research firm Celent said.
October 12 -
JPMorgan Chase & Co., the biggest U.S. bank by assets, posted a record third-quarter profit that beat analysts estimates as mortgage revenue soared 72
October 12 -
Even with a law separating commercial banking from investment banking and insurance, Editor Lee Conrad doesn't believe were prepared to leave the big, systemically important companies out in the cold in times of trouble.
October 12
Employee Benefit News and Employee Benefit Adviser -
Bruce Bent Sr. took the stand Thursday afternoon in a New York City courtroom, defending his actions during the 2008 financial crisis as his $62 billion Reserve Primary Fundthe worlds first money market mutual fundimploded after making an unfortunate bet on the debt of Lehman Brothers Holdings, the Wall Street Journal reports.
October 12 -
Boston-based Eastern Bank has named Michael Tyler chief investment officer of its wealth management division.
October 12 -
Wells Fargo & Co., the most valuable U.S. bank and largest mortgage lender, dropped 4% in New York trading after reporting a record third-quarter profit that was marred by narrower profit margins.
October 12 -
Capital Guardian LLC, a Charlotte, N.C., based boutique wealth manager, announced Tuesday it added a former LPL Financial team to its independent channel.
October 12
