Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Mariner Says Neuberger Berman Is Its New Minority Investor
By Janet LevauxCEO Marty Bicknell will stay on as leader of the $246 billion RIA and keep majority control.
October 23, 2024
Raymond James Tops Estimates, Adds 75 Reps in Latest QuarterIts private client assets jumped 25% from a year ago to $1.5 trillion.
October 23, 2024
Best & Worst Individual Annuity Providers: J.D. Power, 2024Many customers do not fully understand the products they buy, according to a new study.
October 22, 2024
MetLife Said to Be in Talks to Buy $100B of PineBridge AssetsThe deal could be valued at $1 billion to $1.5 billion, according to people familiar with the matter.
October 22, 2024
JPMorgan, at Odds With Goldman, Sees Solid Run Ahead for StocksThe bank's analysts, including David Kelly, expect large-cap equities to return an annualized 6.7% over the next 10-15 years.
October 22, 2024
Banks Brace for Era of Consumer Data SharingThe CFPB says bank clients will be able to demand, download and transfer their highly-coveted data to other financial firms for free. The final rule should cover checking accounts, credit cards and digital wallets, but not mortgages, student loans or car loans.
October 21, 2024
CFA Institute Researches AI's Impact on Testing and CurriculumThe use of AI over the next five to seven years could involve making the exams more interactive, says the CFA Institute's CEO.
October 21, 2024
Decade of Big S&P 500 Gains Is Over, Goldman Strategists SayThe index should post an annualized nominal total return of just 3% over the next 10 years, say strategists with the bank.