Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wells Fargo Consent Order for Fake Accounts Ended by Regulator
By Hannah LevittThe 2016 order had required it to revamp how it offers and sells products and take other steps to protect clients and staff.
February 13, 2024
S&P 500 Set for Worst CPI Day Since September 2022Equities dropped from all-time highs after the core consumer price index climbed the most in eight months.
February 13, 2024
Users Report Merrill Edge Site IssuesSocial media posts suggested the brokerage's app and website experienced a glitch.
February 12, 2024
An Asset Manager's Key to Boosting After-Tax WealthFrank Pape of Frontier talks about tax-friendly investment processes and why advisors should stop discussing "standard deviations."
February 12, 2024
Morgan Stanley Seeks to Offer Mutual Fund ETF Share ClassesAt least six firms seek SEC approval to offer ETFs as a share a class, as Vanguard long has.
February 12, 2024
Bitcoin ETFs 'Deemed a Success' By Key MeasuresBlackRock's iShares Bitcoin Trust has taken in $3.8 billion, while the Fidelity Wise Origin Bitcoin Fund has amassed $3.1 billion of inflows.
February 12, 2024
Fidelity to Launch 2 Active ETFsFidelity also is cutting fees, changing names and tweaking management teams for three existing ETFs.
February 09, 2024
Super Bowl 2024 Highlights NFL's Aging Billionaire ProblemGrowth has created succession-planning challenges — and could force the doors open for investors driven by financial imperatives.