As the US heads into "the greatest period of wealth transfer we’ve ever seen, there is much insight that we can gain from the experience of the successful wealth-transfer and legacy planning that takes place in Europe," said John Mathews of UBS Wealth Management Americas.
Fidelity to offer iShares Core ETFs commission-free to advisors and investors
October 24, 2016 by
In announcing a price cut on iShares Core ETFs, Fidelity's Ram Subramaniam said: “We want customers to receive the best value, whether that means offering a Fidelity solution or one from a third-party leader."
BlackRock uses DOL fiduciary rule to promote iShares in advisory channel
October 24, 2016 by
"We aim to set a new market convention for core investing and long-term investors,” said Mark Wiedman, global head of iShares. Fees on its growing US iShares Core ETFs have been slashed.
Amundi shows interest in Pioneer acquisition
October 24, 2016 by
Pioneer manages EUR 220 billion and employs 2,000 people in 28 countries. It has Latam offices in Miami, Santiago de Chile and Mexico City.
First half presented challenges for cross-border managers in the retail space
October 24, 2016 by
Demand for cross-border funds on the part of affluent Latin American investors slipped in the first half of 2016, with AUMs falling 1.1%. As a result, AUMs fell to USD 99.6 billion as of the end of June. A small gain in the Andean market helped offset weakness in the US and Mercosur segments.
Citi ups investment in Mexico, while selling off Argentine and Brazilian consumer units
October 13, 2016 by
Jane Fraser, Citi Latin America CEO, emphasized that the firm would continue to have a presence in Argentina and Brazil outside of the consumer segment.
Thiel to step aside at Merrill Lynch Wealth Management
October 13, 2016 by
Andy Sieg, current head of Merrill's Global Wealth and Retirement Solutions division, will succeed John Thiel as head of Merrill Lynch Wealth Management, effective January 1, 2017. Thiel will still serve as vice chairman of ML Global Wealth and Investment Management.
BlackRock alternatives more accessible to qualified investors via deal with Artivest platform
October 13, 2016 by
“RIAs are placing a greater emphasis on illiquid alternatives to insulate their clients from market volatility while seeking to deliver competitive market returns,” said Hollie Fagan, head of BlackRock’s RIA business.
Natixis survey: A quarter of US advisors plan on selling their books, merging with a larger firm or leaving the industry
October 13, 2016 by
“The challenges facing financial advisors are tougher than ever, as they are asked to do more with less in an environment that seems to put low fees ahead of all other considerations,” said John Hailer of Natixis Global.
Janus and Henderson tout service, product strengths in merger of equals
October 7, 2016 by
Andrew Formica, chief executive of Henderson, said, “Henderson and Janus are well-aligned in terms of strategy, business mix and most importantly a culture of serving our clients by focusing on independent, active asset management." The merger is currently expected to close in the second quarter of 2017.
