Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
JPMorgan Jumps Into 401(k) Annuity Market
By Allison BellThe bank is looking to offer target-date funds with annuitization features, including options from Equitable and Prudential.
August 17, 2024
What Panic? Stocks Are Quickly on Their Way Back to Record HighsThe S&P 500 has already recovered all of its August decline and is now just 2.2% away from its mid-July record high.
August 16, 2024
Complaint Accusing Advisor of Churning Retirees' Accounts DroppedIn the case, an RIA had been blamed for costing a couple over $800,000 through excessive and inappropriate trades.
August 16, 2024
Raymond James' Expands Leadership ReshuffleThe firm's latest shifts come five months after Chief Executive Officer and Chair Paul Riley said he planned to retire from the CEO slot.
August 15, 2024
Hamilton Lane Tokenizes $5.6B FundThe fund is now accessible via a feeder fund located on the Polygon blockchain; its investment minimum is $20,000.
August 15, 2024
Stocks Rally as Data Show Economy Is Holding UpThe S&P 500 rose about 1.5%. Walmart Inc. — a barometer of growth — jumped on a solid outlook.
August 14, 2024
12 One-Liners That Make an Impression With ClientsFor advisors, the right words can make a point, win someone over or earn a smile.
August 12, 2024
RBC's Former CFO Sues Bank, Denies Affair With ColleagueFired in April, Nadine Ahn says she suffered "reputational harm" and "humiliation" and is asking for $36 million in pay and damages.