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 Asset Managers: 2020
By Michael S. FischerHere are the firms with the most assets under management, according to ADV Ratings.
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.
July 17, 2020
Caution Is Fund Managers' Byword in July: BofA SurveyThe share of fund managers calling U.S. tech stocks the "most crowded trade" hit a record.
July 09, 2020
Advisor Group Rolls Out Updated UMA PlatformThe news comes about five months after the group wrapped up its purchase of Ladenburg Thalmann's broker-dealers.
June 29, 2020
U.S. Advisors Expect 7% Asset Growth Over Next 12 Months: SurveyAnd it's not likely coming from market returns. Here's how advisors plan to boost growth this year, according to Natixis.