market volatility
RIA M&A down in 2011Posted by RJ and Makay on Jan 26, 2012 |
>> Read More RJ & Makay Blog Posts
The quantity of merger and acquisition (M&A) deals and the average size of deals are down, but RIAs are still the “dominant buyer,” according to a report released Wednesday by Schwab Advisor Services. In 2011, RIAs were involved in 57 M&A transactions totaling almost $44 billion, and the average size of deals, at $798 million, was the lowest since 2005.
Wells Fargo wealth management downPosted by RJ and Makay on Jan 19, 2012 |
>> Read More RJ & Makay Blog Posts
The wealth management unit of Wells Fargo & Company reported weaker than expected fourth quarter 2011 results Monday. The firm attributed the tepid quarter to volatile investment markets and reduced client activity. Client assets within Wells Fargo Advisors declined 3% from Q4 2010 to $1.13 trillion, the company said. Fee-based income in the segment fell 2% to $198 million. The firm added 75 advisors in 2011 to bring its total to 15,263.
Strong variable annuity sales in first half of 2011Posted by RJ and Makay on Aug 22, 2011 |
>> Read More RJ & Makay Blog Posts
Variable annuity sales rose 19% to $80.7 billion in the six months ended June 30, compared with the first half of 2010, LIMRA said on its website. In the second quarter, sales rose 16% compared to Q2 2010, reaching $40.9 billion, according to LIMRA’s second-quarter 2011 U.S. Individual Annuities Sales survey. New York–based MetLife, the largest U.S. life insurer, regained the top spot in variable annuity sales in the first half of this year, leading a group of five firms that dominate this sector of the industry.
David Weinbaum (American Businessman and Writer.)
