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.
A growing number of RIAs are offering one-time, flat-fee advisory services as part of a broader embrace of advice-only planning. But not all advisors are sold.
Dueling announcements Friday show that UBS is still struggling with advisor retention even as it brings in a new executive to oversee its recruiting efforts.
One-third of financial advisors say balancing personalization with growth is the hardest trade-off for them to manage. Doing so successfully means making hard choices about what's most important for clients and the business.
RBC pulls $1.2B and $705M teams from rivals, Merrill gets a $420M duo, and several large M&A deals close.
Financial therapist Rahkim Sabree wove his personal experiences into a detailed manual on a problem he and others say is often glossed over by the industry.
A similar measure stalled years ago, but some advisors say the current bill has more momentum among lawmakers.
