Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley Profits Drop Despite Strong Wealth Results
By Sridhar NatarajanThe wirehouse aims for its wealth management business to bring in $1 trillion in net new assets every three years.
April 17, 2023
BlackRock Cuts Larry Fink's Pay 30%Five executives leading the asset manager saw their compensation reduced by at least 27% in 2022, according to a filing.
April 14, 2023
Schwab Faces Fresh Risks in the Zero-Fee Landscape It ShapedZero-fee trading paved the way for its $26 billion purchase of TD Ameritrade, but also knocked out a sizable revenue stream.
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.