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 Fined $3M for Marking 60M Short Sales as Long
By Austin WeinsteinFINRA said the bank had failed to set up systems to comply with trade-reporting rules that it allegedly broke.
April 04, 2023
Best Full-Service Wealth Management Firms Ranked by Investors — J.D. Power, 2023A study finds that satisfaction with advisors has fallen with market performance, showing advisors need to do more.
April 03, 2023
Lots of Once-Trendy ETFs Are ClosingFrom meme-focused funds to crypto-themed products, closures of niche-themed ETFs are mounting, with a few exceptions.
April 03, 2023
Is Sieg's Departure 'Beginning of the End' for Merrill's Thundering Herd?There's a risk the Merrill brand could be phased out over the next few years, says industry consultant Jeff Nash.
April 03, 2023
The Tech Stock Rally Is Overdone: Morgan StanleyThe Nasdaq 100 has recently soared over 20% as investors flee economically sensitive sectors like banks.
April 02, 2023
UBS to Cut Staff Up to 30%; Prosecutors Look at Credit Suisse DealFirms such as Citigroup and JPMorgan Chase are gearing up to recruit some of the wealth managers likely to be let go.
March 31, 2023
Schwab Eyes Worst Month Since 1987Its banking unit is dealing with some of the same issues that plagued the now-defunct Silicon Valley Bank.
March 30, 2023
Top 10 Third-Party Asset Managers of 2023: BroadridgeMany of these asset managers have improved their rankings despite troubled markets, a Broadridge report finds.