Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
Banks will not displace wirehouse channels, but will receive a larger share of growth and assets.
The portal gives advisers access to fund attribution analysis, portfolio commentaries, portfolio holdings analysis, and sector/security attribution.
Sales of existing homes fell in October pushing supply of homes to the highest level since 1985.
Prices of existing U.S. homes fell 4.5% in the third quarter, according to the S&P/Case-Shiller Home Price Indices.
Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, in a transaction valued at $7.5 billion.
Wiley and Fisher Investments create joint venture to publish books written by asset manager's employees.
The number of asset managers participating in model portfolio programs has doubled over the past four years.
Barclays PLC said earnings will be in line with consensus, despite a £1.3 billion ($2.7 billion) write-down.
The son of New York philanthropist Brooke Astor and his attorney are expected to be indicted due to their handling of her $198 million estate.
