Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Vanguard to Establish Two Distinct Investment Advisors
By Dinah Wisenberg BrinThe split into two wholly owned units is a "major shift," Vanguard watcher Jeff DeMaso says.
June 13, 2025
SEC Names New Investment Management DirectorBrian Daly, a partner at Akin Gump Strauss Hauer & Feld, will replace Natasha Greiner, who departs July 4.
June 12, 2025
BlackRock Has Built an AI Analyst, ‘Asimov,’ to Scan Filings“This is a virtual investment analyst,” said COO Rob Goldstein.
June 12, 2025
81% of Wealth Inheritors Say They'll Fire Their Parents' AdvisorThe next generation of wealthy individuals is pressuring wealth managers to revamp their services, Capgemini finds.
June 06, 2025
BlackRock to Eliminate About 300 Jobs in Second Cut This YearThe cuts represent about 1% of BlackRock's workforce.
June 04, 2025
JPMorgan to Offer Clients Financing Against Crypto ETFsThe bank will soon let retail and HNW clients use holdings of iShares Bitcoin Trust as collateral for loans.
June 03, 2025
BlackRock Escapes Texas Oil-Boycott Blacklist After ESG RetreatThe state's pension funds and investment accounts can buy the firm's shares and ETFs and hire it for advice.
May 30, 2025
Merrill Picks Up 6 Advisors From Rival WirehousesThe reps worked with combined assets of over $1 billion while at Morgan Stanley, UBS and Wells Fargo.