Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Goldman, JPMorgan, Morgan Stanley & UBS to Pay $499M to Settle Stock-Lending Suit
By Chris Dolmetsch and Bob Van Voris-The antitrust class action was bought by the Iowa Public Employees' Retirement System and other pension funds.
August 23, 2023
Vanguard's Tax-Busting Fund Design Gets a RevampTo gain access to retirement accounts, one firm wants to build ETFs that tack on mutual funds as a share class.
August 22, 2023
10 Best Robo-Advisors: Q2 2023Condor Capital Wealth Management considers performance, features, costs and access to live advisors.
August 22, 2023
Schwab to Sell $2.35B Bond Amid Job, Office CutsIts shares fell as much as 5.2% on Tuesday, putting it on track for its eleventh straight day of losses.
August 21, 2023
Schwab to Lay Off Staff, Close Offices to Save $500M a YearThe news comes less than two weeks before its final integration efforts with TD Ameritrade are set to take place.
August 21, 2023
6 Schwab Integration Worries of TD Ameritrade Advisors: Advisors' AdviceAdvisors air their remaining fears as the final move to the Schwab platform approaches.
August 21, 2023
$7.4T ETF Industry Is Littered With One-Hit WondersThe ARK Innovation ETF (ticker ARKK) has 52% of the firm's asset base; it's shrunk from $28 billion to $7 billion over the past two years.
August 21, 2023
10 Success Secrets of Top AdvisorsA new LPL study says the top 10% of advisors use these business-building strategies to be successful.