Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
BlackRock Enters Booming Market for Stock ETFs With a 100% Hedge
By Emily GraffeoUsing options, its new ETF offers upside exposure to the S&P 500 of up to 10.6% and hedges any downside over a 12-month period.
June 28, 2024
S&P 500 Rally Hits a Wall at End of Banner QuarterStocks are heading into the second half having gained about 15% this year.
June 28, 2024
Expect Pre-Election Market Correction: GoldmanThe presidential election and its aftermath mean big market swings in the second half of the year, says Scott Rubner.
June 27, 2024
Ameriprise, LPL Battle in Court Over Father-Son Advisor Duo Who Switched FirmsThe advisors took confidential material "in the dark of night" before leaving for LPL, Ameriprise says.
June 27, 2024
UBS Creates New Wealth Unit, Names New U.S. ChiefMichael Camacho, formerly of JPMorgan, will lead wealth management in the U.S. for UBS starting in September.
June 27, 2024
Signature Wealth CEO Embraces 'Opposite' of AI: Concierge ServiceIt's "a little counter-culture to the idea that everyone wants to be efficient and automated," Chip Munn says.
June 26, 2024
Franklin Templeton Now Offers SMAs on UBS PlatformsThe accounts will give UBS advisors access to Franklin Templeton's custom indexing solution for personalized portfolios.
June 26, 2024
BlackRock to Add Private Assets to Model Portfolios for Wealthy ClientsThe firm will work with GeoWealth to offer private equity and debt funds in customized portfolios for financial advisors.