Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
15 Biggest Compliance Challenges for Advisors in 2023
By Melanie WaddellOne compliance topic was picked by 70% of respondents as among the hottest.
July 12, 2023
Allianz U.S. Unit Ordered to Pay $6B in Securities Fraud CaseIts structured alpha funds lost $7 billion during the early days of the pandemic in 2020, spurring many investor lawsuits.
July 11, 2023
BofA to Pay $250M Over Extra Fees, Unauthorized CardsThe CFPB fined the bank for "double-dipping" on fees imposed on clients with insufficient funds in their accounts.
July 11, 2023
Schwab Sweeps $1M-Plus Clients Into New Private Client ServicesThese clients now have access to a dedicated Schwab consultant at no additional cost.
July 10, 2023
1 in 6 Asset, Wealth Managers Likely Gone by 2027: PwCAccording to the survey, 73% of asset managers are considering a strategic consolidation with another asset manager.
July 10, 2023
Bob Doll Warns Against Chasing the Stock Rally"At this point ... we value capital preservation over return maximization as a portfolio goal," the CIO said.
July 06, 2023
Stocks Swoon After Jobs Data Dashes Hopes for Rate Cut"The selloff is driven by the idea that the economy is a freight train that can't be stopped."
July 06, 2023
JPMorgan Strategist Sees Bear Market Over, Notes Stock PicksThe S&P is cheaper than it looks, says global investment strategist Elyse Ausenbaugh.