Templeton Management Ltd., a wholly-owned subsidiary of Franklin Resources of San Mateo, Calif., has agreed to acquire Bissett & Associates Investment Management Ltd. of Calgary for $95 million. Founded by David Bissett in 1982, Bissett provides investment advisory services throughout Canada to a broad base of clients, including pension plans and foundations and high-net-worth and other individual investors through Bissett's 12 mutual funds. The acquisition is expected to close in October.
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An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
April 19 -
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
April 19 -
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
April 18 -
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
April 18 -
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
April 18 -
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
April 17