Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Boston-based Eaton Vance Corp. announced plans Friday to acquire the business assets of Calvert Investment Management, a fund manager that invests in socially and environmentally responsible companies. The move is another sign of the growing trend...
Flawed.
A 2014 report from the Public Investors Arbitration Bar Association (PIABA) criticized FINRA’s BrokerCheck system for not including information available from many state securities agencies, such as the circumstances behind a broker’s ...
There are lots of reasons to leave a wirehouse and go independent: the Department of Labor fiduciary rule, compensation structures collapsing or a firm being in the news for a banking scandal. But for many advisors, it still comes down to the...
Over a dozen executives from national asset management firms, including BlackRock, Legg Mason, Eaton Vance, T. Rowe Price and State Street gathered on the afternoon of Sept. 29 in Manhattan to discuss the changes and challenges in third-party...
(Bloomberg) -- Prudential Financial Inc. said James Sullivan is stepping down as executive chairman of the $652 billion fixed-income, asset-management unit after a 35-year career with the insurer...
The clock's ticking.
AssetMark launched a new assessment tool on Tuesday that it says will provide advisors with a comprehensive look at how prepared their firm is to comply with the Department of Labor’s pending fiduciary rule. The tool is co...
In what many say is a seller’s market for RIAs, how does a buyer stand out and land the deal when other bidders are involved? It comes down to understanding the unique sensitivities of the seller and a little bit of a personal touch...