Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Schwab Earnings Top Estimates on Record Inflows
By Paige SmithTotal client assets were $10.1 trillion, after passing $10 trillion for the first time in November.
January 17, 2025
Goldman Rakes In Record Wealth RevenueTotal wealth management client assets stood at around $1.6 trillion at year-end.
January 16, 2025
BofA Boosts Earnings on Strong Loan Income“Every source of revenue increased ... ” in the quarter, said CEO Brian Moynihan.
January 16, 2025
Morgan Stanley Profit Doubles to $3.7BIn wealth management, net new assets fell just shy of estimates though revenue topped expectations.
January 15, 2025
BlackRock Gets Record Client Cash, Revamps Leadership TeamThe $641 billion in client cash tally included $390 billion flowing into its ETF business overall last year.
January 15, 2025
JPMorgan’s Jenn Piepszak Named COO With Pinto to Retire in 2026The biggest U.S. bank is shuffling its top management for the second time in a year.
January 10, 2025
Fake WisdomTree Execs Duped Over 1,000 Investors: LawsuitThe fraudsters falsely claimed they hosted a conference with Fidelity, Goldman, BlackRock and Vanguard, WisdomTree's lawsuit contends.
January 09, 2025
Dodge & Cox CEO and Chair Dana Emery to RetireAt year-end, she will be succeeded by David Hoeft as chair and Roger Kuo as CEO.