Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Schwab to Lay Off Staff, Close Offices to Save $500M a Year
By Janet LevauxThe news comes less than two weeks before its final integration efforts with TD Ameritrade are set to take place.
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.
August 21, 2023
SEC Brings First Marketing Rule Action; Firm to Pay $1MTitan Global Capital Management's violations included the misleading use of hypothetical performance metrics in ads, the SEC said.
August 21, 2023
Goldman Mulls Sale of Former United Capital BusinessIt bought the RIA, led by Joe Duran until early 2023, for $750 million, about four years ago.
August 18, 2023
Vanguard to Launch Active Dividend Growth FundThe Vanguard International Dividend Growth Fund, an actively managed equity fund, will launch in the fourth quarter.
August 17, 2023
Why Advisory Assets, Retail Clients Are Leaving SchwabIf Schwab loses 4% of revenue and 1% of client assets, the acquisition's a success, says Alois Pirker.
August 15, 2023
BNY Mellon's Wealth Unit Names Next CIOSinead Colton Grant will succeed current Chief Investment Officer Leo Grohowski, who is retiring at year-end.
August 15, 2023
Ex-Vanguard CEO Joins VC Firm as AdvisorWilliam McNabb already serves on the boards of Venrock portfolio companies Altruist and Vanilla; he also has invested in both firms.