Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
December 09, 2024
Vanguard to Launch New Advice and Wealth UnitJoanna Rotenberg, a former Fidelity executive, will lead the division.
November 27, 2024
Fidelity to Switch Advisor Custody Accounts to FCASH as Only Core Sweep OptionNext year, custody, non-retirement brokerage accounts will convert and default to Fidelity's FCASH sweep holding option.
November 08, 2024
S&P 500 Tops 6,000 MilestoneThe benchmark is on track for its 50th record this year and has extended its weekly gain to 4.8%.
November 08, 2024
BlackRock's Bitcoin ETF Tops $34B MilestoneIts surge in demand comes amid a broader cryptocurrency rally in the wake of Donald Trump's election.
November 08, 2024
Schwab Launching Mortgage-Backed Securities ETFThe new fund, containing U.S. government-backed investment-grade securities, starts trading this month.
November 08, 2024
Here's Who Could Lead Trump's Economic AgendaHe's likely to pick top advisors and cabinet secretaries from a pool of Wall Street and business executives.
November 08, 2024
PGIM Taps Morgan Stanley Exec as Next CEOJacques Chappuis will take the helm of the Prudential Financial asset management unit on May 1, 2025, replacing David Hunt.
November 08, 2024
Invesco to Pay $17.5M Over Misleading StatementsIt misrepresented the percentage of assets that took ESG factors into consideration, the SEC said.
November 07, 2024
Fed Cuts Rates; Powell Says He Wouldn't Resign If Asked By TrumpFederal Reserve Chair Jerome Powell said removal or demotion of any Fed board leader is "not permitted under the law."
November 07, 2024
11 Best & Worst BDs: Q3 Earnings, 2024Seven of these large BDs posted profit growth from last year, while earnings fell at four.