Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Envestnet to Acquire Prudential Bank Wealth Management Unit
By James J. GreenThe deal will solidify ENVs presence in the bank channel, CEO Jud Bergman says. The $10 million-plus acquisition adds scale to its platform.
March 27, 2013
Cerulli: Distribution needs key factor driving changes among asset managersMore than 8 in 10 asset managers are making organizational changes to better support distribution strategies.
March 19, 2013
TD Ameritrade Grabs Ex-LPL RecruiterScott Collins will lead recruiting of hybrid and fee-only RIAs. Meanwhile, Wells Fargo says it has added 27 advisors this year, and Morgan Stanley brings in three from UBS.
March 18, 2013
Americans want government to regulate advisorsMore than 80 percent of Americans believe the federal government should regulate financial advisors, new research shows.
March 18, 2013
Americans want government to regulate advisorsMore than 80 percent of Americans believe the federal government should regulate financial advisors, new research shows.
March 15, 2013
Mass affluent market remains largely untappedOne-third of investors with $100K to $500K in investable assets say they need more financial advice.
March 06, 2013
In Reversal, Gundlach Bullish on TreasuriesThe famed money manager has reversed his once-bearish stance on government debt.
March 06, 2013
Express Scripts: Spending on traditional prescriptions fellA rush to use new hepatitis C treatments led to an increase in overall drug spending.