Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Schwab-TD Ameritrade Deal to Close Oct. 6
By Janet LevauxThe full integration of the two firms, though, is expected to take at least 18 months.
September 21, 2020
10 Biggest U.S. Banks: 2020These are the U.S.-based banks with the most assets, according to ADV Ratings.
September 17, 2020
'It's Not My Money': CEO Fink Explains Why BlackRock Still Invests in Fossil FuelsFink also told a Morningstar virtual conference that he doesn't expect all the firm's employees to return to the office.
September 16, 2020
Most Fund Managers Say Recession Is Over: BofAFour in five fund managers expect global growth over the next 12 months, the highest level in 17 years, according to BofA's monthly survey.
September 15, 2020
Schwab Warns of Weaker Q3 Results Due to Low Interest RatesThe firm posted a 21% rise in assets from a year ago in August but warned that low rates would pressure its net revenue.
September 11, 2020
World's Top 20 Biggest Wealth ManagersADV Ratings ranked the firms, including all four wirehouses, by assets under management.
September 08, 2020
Bank of America Wants More Diversity on Its Investment PlatformThe bank is enhancing initiatives to encourage racial and gender diversity in asset managers and their investments.
September 08, 2020
Merrill Cracks Down on Third-Party FreebiesThe bank's nearly 17,900 advisors can no longer accept free golf games or many meals from product and service providers.