Global asset management revenue remains on the same downward trend since 2007, but there’s a new threat to their profitability—the wirehouses.

If what people are calling the “fiscal cliff” does happen at the end of this year, we could be looking at a 3.5 percentage point slowdown in GDP, economists say, a situation that could throw us back into recession. That said, our economy could...

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Go with the flow? Maybe not. When looking at options to update your firms’ technology, sometimes keeping things simple—and separate—is the best option.

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