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 Lifts S&P 500 Target With Profit Optimism to Drive Rally
By Jessica Menton & Farah ElbahrawyStrategist David Kostin sees the index rising to 5,200 by year-end, implying a nearly 4% rise from Friday's close.
February 16, 2024
Goldman Raises CEO Pay 24% After Firm's Profits Slump 24%David Solomon's pay jump to $31 million was greater than every other large bank CEO whose compensation has been disclosed.
February 16, 2024
Wells Fargo Consent Order for Fake Accounts Ended by RegulatorThe 2016 order had required it to revamp how it offers and sells products and take other steps to protect clients and staff.
February 15, 2024
Burt White: 'If We Lose the Humanity, We're Toast'Carson Group is looking to the future and has big M&A plans, the exec tells ThinkAdvisor.
February 14, 2024
Morgan Stanley to Cut Several Hundred Jobs in Wealth UnitThe wealth management group has about 40,000 workers and is the firm's largest unit, says a person with knowledge of the matter.
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."