Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Goldman, Apple Debut Savings Account With 4.15% Annual Yield
By Nick TurnerThe account has no fees, minimum deposit or balance requirements and can be set up from within the Wallet app.
April 14, 2023
Schwab's Top Investor Exits $1.4B Stake: ReportSchwab shares have lost nearly a third of their value since March 8, with some analysts expecting its earnings to suffer.
April 13, 2023
Altruist Raises $112M to Take on Schwab, Fidelity: Tech RoundupFunding came from Insight Partners and Adams Street Partners, plus Bill McNabb, Ron Carson and Marty Bicknell.
April 13, 2023
Best & Worst Firms for Self-Directed Investors: J.D. Power, 2023A poll finds most DIY investors, including those seeking guidance from advisors, don't understand how technology manages portfolios.
April 12, 2023
Buffett Says More Bank Failures LikelyStill, the Oracle of Omaha says depositors aren't likely to lose any funds and Bank of America is a good Berkshire Hathaway investment.
April 10, 2023
Former Head of Fidelity Billionaires' Family Office Leaves FirmThe Johnson family's private firm hired former hockey star Lane MacDonald in 2014 and he then moved to parent company FMR.
April 06, 2023
Goldman Fined $3M for Marking 60M Short Sales as LongFINRA said the bank had failed to set up systems to comply with trade-reporting rules that it allegedly broke.
April 05, 2023
Active Fund Managers Off to Lousy Start This YearJust one in three active funds topped its respective equity benchmark in the first quarter, according to Bank of America data.