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.
Behavioral finance expert Tim Maurer shares how planners can adjust their language and approach to help clients move toward their goals.
Chief Financial Officer Sharon Yeshaya says financial advisors have $400 billion in assets since 2020 from clients who first came to Morgan Stanley either through its workplace or E-Trade businesses.
For advisors with $600,000 in annual production, regional firms like Janney and RBC have been reducing their compensation in recent years. They're now more in line with the pay policies more commonly found at large Wall Street firms.
In the first quarter, the firm's FiNet channel for advisors working as independent contractors recruited advisors with $9 billion in client assets.
Top executive Jane Fraser dismisses speculation Citi wants to buy a U.S. retail bank while touting surging revenues for the megabank's wealth unit and the firm as a whole.
Finance and education veteran Walter Rendon wants to ensure that more young people get the training and mentorships that helped him break into the field.
