Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Big-Tech Love and Fear Fuel Record Boom for Invesco ETFs
By Katie GreifeldStill, the firm was a distant third behind Vanguard and BlackRock in terms of 2024 asset flows.
January 02, 2025
BlackRock, PGIM Add to Buffer ETF LineupsThese funds, also known as defined outcome ETFs, now have nearly $50 billion in assets.
December 30, 2024
Vanguard Signs Updated 'Passivity Agreement' to Limit Its Influence on BanksThe pact removes the immediate threat to Vanguard’s ability to buy bank stocks, Vanguard watcher Jeff DeMaso says.
December 20, 2024
Schwab Buys Orlando Office ParkThe company paid $122 million, a local publication reported.
December 18, 2024
LPL Agrees to Purge Data From Recruited Ameriprise AdvisorsThe firms agreed to a court order in legal battle over ex-Ameriprise reps' transfer of client info.
December 09, 2024
Vanguard to Launch New Advice and Wealth UnitJoanna Rotenberg, a former Fidelity executive, will lead the division.
November 27, 2024
Fidelity to Switch Advisor Custody Accounts to FCASH as Only Core Sweep OptionNext year, custody, non-retirement brokerage accounts will convert and default to Fidelity's FCASH sweep holding option.
November 20, 2024
Fidelity Resolves Reg BI Suit With Fired AdvisorMichael Maeker had accused Fidelity of pressuring advisors to recommend unsuitable, higher-fee investment products.