One big deal is on the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues to accelerate in the money management industry.
One big deal is in the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues accelerate in the money management industry.
The 20 most influential people in the advisory industry
“The opportunities today, from the bottom up, are certainly the best I've seen in my lifetime,” Martin J. Whitman, the founder of New York-based Third Avenue Management LLC, told advisers today.
The focus for most advisers over the next three months will be on executing client reviews and completing the follow-ups. This is the most important service an adviser can perform for clients in today's market, so don't clutter your team's calendars with other activities. When done right, client reviews are an effective business builder.
Earlier today, Robert Benmosche, CEO of AIG, sent a memo to employees at the insurance company addressing speculation about his potential departure. The text of his memo is below:
The following is the text of an email that Bruce Bond, chairman and CEO of Invesco Powershares, sent earlier this week describing his new role:
Smith Barney has hit a former adviser with a lawsuit, an arbitration claim and a restraining order, claiming that the rep improperly pursued clients and used confidential information after he resigned from the brokerage arm of New York-based Citigroup Inc. at midmonth.
Sallie Krawcheck, head of Merrill Lynch's Global Wealth & Investment Management unit, has named a number of top executives to her new management team.
After focusing their efforts on increasing 401(k) fee disclosure, members of an influential committee last week approved a more comprehensive package of potential retirement reforms.
