Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
What Vanguard's New Advice Unit Could Mean for Clients: Morningstar
By Dinah Wisenberg BrinIt remains to be seen whether investors will take to Vanguard's stepped-up advice efforts, an analyst says.
January 21, 2025
Fidelity Customers Report Mobile App, Website Access TroubleUsers complained of difficulty accessing the firm’s website, app and active trading platform.
January 17, 2025
Goldman Gives CEO Solomon $80M to Stay Put, Hikes Pay 26%The retention awards for both him and President John Waldren entail no stock-performance metrics.
January 17, 2025
Goldman Rakes In Record Wealth RevenueTotal wealth management client assets stood at around $1.6 trillion at year-end.
January 16, 2025
BofA Boosts Earnings on Strong Loan Income“Every source of revenue increased ... ” in the quarter, said CEO Brian Moynihan.
January 16, 2025
Morgan Stanley Profit Doubles to $3.7BIn wealth management, net new assets fell just shy of estimates though revenue topped expectations.
January 15, 2025
BlackRock Gets Record Client Cash, Revamps Leadership TeamThe $641 billion in client cash tally included $390 billion flowing into its ETF business overall last year.
January 15, 2025
JPMorgan’s Jenn Piepszak Named COO With Pinto to Retire in 2026The biggest U.S. bank is shuffling its top management for the second time in a year.