Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
New Nominations Deadline for the 2024 Luminaries Awards
By Janet LevauxThinkAdvisor's recognition program is accepting nominations through July 24. There's no cost to participate.
July 16, 2024
Schwab's Stock Sinks After It Vows to Shrink BankThe latest move comes after fewer clients opened new brokerage accounts in the second quarter than analysts were expecting.
July 16, 2024
Morgan Stanley Wealth Unit's Results Miss EstimatesThe business fell short of expectations, with $6.79 billion in revenue and net new assets of $36.4 billion in the second quarter.
July 15, 2024
How Asset Managers Seek to Grow in 2024 and BeyondA marked shift in priorities to a client-centric approach from cost control has occurred, Northern Trust found.
July 15, 2024
BlackRock Says Gunman From Trump Rally Appeared in Firm's AdThomas Matthew Crooks was one of several students who were shown in the background of a 2022 advertisement and were unpaid.
July 12, 2024
Research Affiliates CIO Raises Private Credit ConcernsQue Nguyen, the investment firm's head of equity strategies, also says AI could be in the early bubble stage.
July 12, 2024
Larry Fink Works to Prepare Next Generation of BlackRock Leaders"I don't want to be somebody there sitting there just blocking and tackling," Fink, 71, said this week.
July 12, 2024
Big Bank Stocks Stumble After Earnings MisstepsWells Fargo headed for its worst earnings-day drop Friday in more than three years after its net interest income missed estimates.