Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wellington Taps Goldman Exec as U.S. Wealth Chief
By Dinah Wisenberg BrinChristina Kopec Rooney held several leadership positions at Goldman Sachs Asset Management.
March 21, 2025
Schwab to Launch Money Market ETFSchwab will follow BlackRock and Texas Capital into this new ETF niche.
March 20, 2025
Cambridge to Pay $15M Over Revenue Sharing, Wrap Account ConflictsThe firm will pay $10 million in disgorgement, $3 million in interest and a $1.8 million SEC fine.
March 20, 2025
Asset Managers Are Taking On Investors’ Negative View of Annuities: ReportThe stigma is strong among the public and, increasingly, with financial professionals, Cerulli research found.
March 20, 2025
Stifel Hit With Class Action Suit Over Cash SweepsIn 2023, the firm earned 6.08% on deposits and paid as little as 0.01%, the complaint states.
March 20, 2025
Best & Worst Firms for Investor Satisfaction: J.D. Power, 2025A quarter of DIY investors are likely to seek professional advice in the next year, the research group finds.
March 20, 2025
SEC Releases New Marketing Rule FAQs on PerformanceThe updated guidance answers questions on advertising extracted performance and portfolio characteristics like Sharpe ratios and yields.
March 19, 2025
For Advisors, DC Plans Offer More Opportunity Than Competition"Retirement managed accounts" could boost advisors' visibility and create rollover opportunities.