Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
World's Top 20 Biggest Wealth Managers
By Michael S. FischerADV Ratings ranked the firms, including all four wirehouses, by assets under management.
August 26, 2020
World's Top 20 Biggest Asset Managers: 2020Here are the firms with the most assets under management, according to ADV Ratings.
August 21, 2020
Investors With Both 401(k) and IRA Save More Over Time: StudyAn EBRI study of millions of accounts shows how leakage and account closures are negatively related to total retirement savings.
August 19, 2020
Fund Managers Are Most Bullish Since February: BofAThe same day the finding was released, the S&P 500 closed at an all-time high.
August 18, 2020
Fidelity's Assets Hit $3.3T on Trading SurgeThe firm says it has added 2,000 employees, including financial consultants, as investors jump into the markets.
July 31, 2020
LPL, Raymond James See Strong Recruiting as Profits WeakenThese results came as the industry's overall advisor movement was "down by over 30% from a year ago," said LPL CEO Dan Arnold.
July 31, 2020
Wells Fargo Sold Assets to Remain Under Fed Asset Cap: ReportThe bank took the measure as customers borrowed billions on credit lines due to fallout from the COVID-19 pandemic.
July 27, 2020
TD Ameritrade vs. Schwab: The Latest Quarterly EarningsAs they prepare to merge, TD reports daily average trades of 3.4 million in the latest quarter vs 1.6 million at Schwab.