Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Former Fidelity Exec Mike Durbin to Lead Cetera Holdings
By Jeff BermanThe industry veteran will work with Cetera Financial Group CEO Adam Antoniades, who leads its 8,000 financial professionals.
May 05, 2023
SEC Hits Firm, Advisor Over Leveraged ETFs in PortfoliosThey breached their fiduciary duty by failing to understand these funds' substantial risks, the SEC said.
May 04, 2023
Snappy Kraken Unveils Digital Marketing Service: Tech RoundupAlso, Interactive Brokers has launched a new direct-indexing solution RIAs can use to personalize client portfolios.
May 03, 2023
5 Things Pru Said Today About VolatilityCharles Lowrey, the CEO, wants to reduce risk. Meanwhile, customers want it to absorb their risk.
May 02, 2023
Morgan Stanley Plans 3,000 More Job CutsThe planned cuts come just months after the firm trimmed about 2% of its workforce.
May 01, 2023
What JPMorgan's First Republic Deal Means for Its Wealth UnitFirst Republic's large presence in California stands out as an appealing factor, with 32 branches in San Francisco and 10 in Los Angeles.
May 01, 2023
JPMorgan to Buy First RepublicThe bank will pay the FDIC $10.6 billion and incur $2 billion in related restructuring costs over the next 18 months.
April 26, 2023
Is Vanguard Really the Cheapest Fund Provider?Competitors undercut some Vanguard fees, but it "deserves its reputation" as the low-cost leader, a Morningstar analyst says.