Deutsche Asset Management has replaced its portfolio management system, ADP's Maxdata, with Thomson Investment Software's PORTIA system. It will use the system to link its offices in Berlin, Hamburg, Stuttgart, Munich, Dusseldorf and Hannover to its main data hub in Frankfurt. The PORTIA system is already being used by Deutsche foreign affiliates Morgan Grenfell in London and Axiom in Sydney.
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Janney also adds teams from Morgan Stanley and UBS, while LPL Financial picks up advisors from Janney for its direct employee channel.
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New research from the National Council on Aging found that wealth plays a major role in longevity, a factor financial advisors say can dramatically alter retirement plans.
October 16 -
Advisors cited better liquidity, lower expenses and higher tax efficiency as among the reasons they like ETFs, the market for which has topped $11 trillion.
October 16 -
JPMorgan Chase's absorption of First Republic after the 2023 regional banking crisis has finally dealt its last blow to the giant custodian's asset flows.
October 16 -
The findings suggest that "crises, behavioral biases and interpersonal conflicts are not fringe topics but core aspects of modern advising," the authors of a study say.
October 16 -
The expiration of premium tax credits for health insurance could lead to hundreds of thousands of job losses and billions in reductions to state revenues.
October 16