Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Pru CEO Andrew Sullivan to Succeed Lowrey as Chairman
By Allison BellSullivan said the company will "execute with discipline."
March 06, 2026
BlackRock $26B Private Credit Fund Limits WithdrawalsShareholders requested 9.3% of their shares, but management decided to cap the repurchases at 5%.
March 05, 2026
Wells Fargo Free of Consent Orders for First Time in 15 YearsThe Federal Reserve said Thursday that it terminated the last one, which was issued in 2018.
March 05, 2026
Morgan Stanley Lays Off 2,500: ReportsWealth and investment management employees were affected, The Wall Street Journal reported.
March 03, 2026
Double Murder Trial for Former LPL RIA Employee Set for AprilRamy Fahim, formerly of Pence Wealth Management, is charged with killing two men, including a co-worker.
March 03, 2026
Capital Group, KKR Launch First PE Fund for Everyday InvestorsThe firms plan to roll out a fund that combines bets on private companies with U.S. stocks.
March 02, 2026
As Millennial Wealth Grows, the Complexities Are Getting RealAdvisors have an opportunity as this generation starts to inherit real estate, investments, businesses and cash.
March 02, 2026
FINRA Hits Goldman's Folio With $1.3M FineFolio "failed to conduct reasonable regular and rigorous reviews" of execution quality, according to FINRA.