Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wall Street's Biggest Bear Changes Tune on Rally
By Alexandra Semenova & Farah ElbahrawyThe S&P 500 is up 20% this year, almost the same return it posted in 2019, says Morgan Stanley's Mike Wilson.
July 28, 2023
Goldman Asset, Wealth Exec Exits After Changes Roil Key UnitJulian Salisbury's move is the latest high-profile departure from Goldman's top ranks.
July 26, 2023
J.P. Morgan Private Bank Adds UHNW Family Office ServicesThe bank says it is working with over 40% of U.S. families with a net worth of over $100 million and more than half of America's billionaires.
July 26, 2023
Schwab Retirement Unit Wants to Expand Deferred Comp ServicesThe new capabilities will be launched in partnership with Newport, which has decades of experience in the deferred comp arena.
July 26, 2023
Elon Musk Wants Twitter to Take On Jamie DimonMusk sees Twitter becoming a financial services hub. But history suggests he faces an uphill battle.
July 25, 2023
Top 10 ETF 'Power Users' Among RIAsOne RIA dwarfs all others in terms of assets under management in ETFs, according to RIA Database.
July 20, 2023
Portfolio Manager Barry Gilbert Leaves LPL for Carson GroupAfter 10 years at the firm, the asset allocation strategist follows three other LPL veterans.
July 20, 2023
Merger Rules Get Tougher in Crackdown by Antitrust EnforcersThe changes come on the heels of several bruising defeats for the government in blocking vertical mergers.