TradeKing Enters the Online Advisory Market
As robo-advisers target independent investors with automated tools, TradeKing teamed with Morningstar's Ibbotson Associates to deliver professionally managed portfolios with low fees.
Motif Investing Enters Financial Advisor Market
After raising $35 million in a second funding round, the online site announced a platform for financial advisors along with plans to expand internationally and roll out asset allocation models to self-directed investors.
Quant Hiring Grows on Buy-Side Trading Desks
Large traditional asset management firms are seeking to hire quantitative professionals to tackle data intensive analysis of trading costs, venues and alpha modeling, according to Tabb Group's report.
Brown Brothers Harriman Hires New CIO
Michael McGovern joined BBH as CIO and head of systems, where he will spearhead technology strategy, application development and systems infrastructure for the privately-held financial institution.
2013 Buy-Side Compensation Set To Increase 10-15%
Portfolio managers and traders on the buy side are outperforming their sell-side peers due to the drag from regulations and cost controls at banks, according to a new study from Greenwich Associates and Johnson Associates.
Have We Hit Peak HFT?
The number of shares traded via high-frequency trading are down and politicians want to roll out a tax to serve as a speed bump. Some are wondering if microsecond dealings are poised to fade away.