Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Advisor Gets 20-Year Sentence in Georgia's Biggest-Ever Ponzi Scheme
By Melanie WaddellTodd Burkhalter and others scammed nearly 4,000 investors out of about $380 million.
August 12, 2026
Vanguard Launches Custom Model PortfoliosThe asset manager's offering allows advisors to adjust existing models to match client preferences.
August 11, 2026
11 Best & Worst Broker-Dealers: Q2, 2026Most of the financial services industry's biggest firms topped analysts' profit estimates in the latest quarter.
August 10, 2026
Raymond James Adds $1.1B TeamThe team, based in suburban Pittsburgh, joins the firm's employee advisor channel from Baird.
August 07, 2026
Citi Cuts 268 Jobs at NY Headquarters, Part of Ongoing LayoffsCiti's overall headcount is down nearly 5% this year, the bank reported recently.
August 06, 2026
Corient Adds $21B Summit Trail AdvisorsThe transaction brings the Miami-based wealth management firm to about $556 billion in AUM.
August 05, 2026
Hightower Adds $2.5B Stearns Financial GroupHaleh Moddasser, managing partner at Stearns, said the firm had been discussing this move since late last year.
August 05, 2026
Prudential Aims to Reap $3B on Emerging Markets ExitPrudential is seeking to focus on core markets and bolster its asset management unit.