Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
SEC Opens the Door for Spot Ether ETFs in Big Crypto Victory
By Emily Graffeo & Lydia BeyoudFirms like BlackRock, Fidelity, VanEck and ARK are vying for crucial first-mover advantage in the race to launch this type of fund.
May 23, 2024
Schwab to Launch Alts Platform for Individual InvestorsThe new platform is aimed at qualified, self-directed investors with more than $5 million in assets.
May 23, 2024
Gorman to Step Down as Morgan Stanley Chairman at Year-EndThe decision to step down after giving up the CEO role in January is seen as a vote of confidence in CEO Ted Pick.
May 22, 2024
RIAs See Growth Potential in Clients' Savings Accounts: SurveyMulti-year guaranteed annuities could help advisors attract those assets, Security Benefit and DPL Partners suggest.
May 22, 2024
Massachusetts Risks $1B in Lost Tax Revenue as Rich FleeThe state recently enacted a 4% surcharge on income over $1 million, which generated about $1.8 billion in revenue over nine months.
May 22, 2024
Ex-Nuveen Stock Trader Gets 70 Months for Insider-Trading SchemeHe tipped off an Oregon retiree about the firm's planned trades in stocks in a six-year plot involving over 1,000 trades.
May 22, 2024
Best & Worst Broker-Dealers: Q1 Earnings, 2024Seven large firms reported improved earnings in the first quarter, while profits dropped at four.
May 21, 2024
S&P 500 Wavers Near Record in Run-Up to Nvidia EarningsThe index hovered near 5,315, as market watchers await the chipmaker's latest earnings report, set for tomorrow after the close.