Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley Taps Finn to Run $4.8T Wealth Unit
By Sridhar NatarajanLike his supervisor Andy Saperstein and CEO James Gorman, Finn was previously an executive at McKinsey & Co.
November 14, 2023
Schwab's October Asset Flows PlummetThe firm recently trimmed about 5% of its workforce, laying off roughly 2,000 employees.
November 10, 2023
Columbia Threadneedle Cuts 14 Portfolio ManagersAmid layoffs, most PMs and analysts from three U.S.-based equity teams will leave at year's end.
November 10, 2023
S&P 500 Tops 4,400 as Stock Rally Powers AheadThe gauge climbed over 1% Friday and was on track for a seven-week high.
November 09, 2023
Morgan Stanley Wealth Management Draws Fed ScrutinyThe regulatory focus is on measures to prevent potential money laundering by non-U.S. wealthy clients.
November 09, 2023
JPMorgan Is Working With Regulators on Generative AI ProjectsThe bank has applied to trademark IndexGPT, a pilot program that aims to offer investment advice to customers.
November 09, 2023
Wirehouse Comp Plans for 2024: What's In, What's OutExperts weigh in on payout changes at Merrill, Morgan Stanley and UBS and what they mean for financial advisors.
November 08, 2023
Gundlach: Recession Will Crush 'Magnificent 7' Stocks in 2024"I would get out of them," Gundlach said, discussing what stock investors should buy instead.