Princeton Financial Systems of Princeton, N.J., has created a new service called PAMConnect that gives customers remote access to Princeton's PAM system. PAM is a Windows-based portfolio accounting and management system used by 300 mutual funds and other institutional investors. Through PAMConnect, clients can now connect to Princeton's data center through dial-up connections using frame relay, leased lines or the Internet. Before, Princeton Financial clients would have to install PAM software at their own site. PAMConnect permits clients to out-source their data center maintenance to Princeton Financial without clients being aware of it, said Gordon Gacek, a spokesperson for the firm.
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The question ties into so many of the factors that distinguish large and small firms, various client niches and decisions about whether or not to hire staff.
October 15 -
Along with bringing in new households and assets, the Bank of America wealth management units are turning to loans, alternative assets and other offerings to do more with existing clients.
October 15 -
The largest wirehouse also reported a record quarter for wealth management revenues built on strong asset inflows in the third quarter.
October 15 -
Allowing artificial intelligence to make investment management decisions poses an organizational threat, according to the majority of advisors in Financial Planning's AI Readiness Survey.
October 14 -
Also remarkable: the size of the teams that are leaving and the types of firms benefiting from the defections, a new report from Diamond Consultants finds.
October 14 -
After a steep decline last quarter, Citi's wealth division rebounded in the third quarter with a record level of net new investment assets.
October 14