Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
AllianceBernstein to Convert Bond, Muni Mutual Funds to New ETFs
By Maxwell Adler and Amanda AlbrightThe core bond ETF will invest in corporate bonds, while the muni ETFs will focus on California and New York securities.
July 21, 2025
Schwab Expands Overnight TradingSchwab added popular ETFs to its overnight lineup, available through thinkorswim.
July 18, 2025
Schwab Shares Rise on Strong Client Assets, Trading UpdatesTotal client assets climbed 14% to $10.76 trillion compared to the same period last year.
July 18, 2025
T. Rowe Price Cuts Jobs Across the Firm After Years of OutflowsThe firm's clients pulled about $43 billlion from its funds in 2024, for instance.
July 17, 2025
RIA Growth Surged in 2024 and Remains a Priority: SchwabAUM increased by 16.6% while revenue was up by 17.6%, a benchmarking study found.
July 15, 2025
Vanguard's CEO Looks to Innovate Without Selling OutThe firm is moving into AI and private credit while striving to maintain its low-cost ethos, Salim Ramji says.
July 15, 2025
BlackRock’s 'Bumpier' Quarter Fuels Worst Earnings Day in YearsThe asset manager's second-quarter performance missed estimates, even as assets hit a record $12.5 trillion.
July 14, 2025
Vanguard Goes Big on Crypto With This InvestmentIt owns about 8% of the Class A common stock of Strategy, which makes large-scale bets on bitcoin.