Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Kevin Jestice to Lead Nationwide Retirement Plans
By Allison BellThe new head of the unit is a Vanguard alum who has been overseeing a $77 billion investment advisory business.
September 12, 2025
Ex-Two Sigma Quant Charged With Fraud by Federal ProsecutorsThe researcher allegedly manipulated investment models so they seemed to be generating higher returns than they were.
September 11, 2025
Citi CEO 'Comfortable' With Andy Sieg Conduct Probe OutcomeCEO Jane Fraser hired Sieg as Citi wealth head two years ago.
September 08, 2025
Fidelity Adds Wealthscape Intelligence Tool, Onboarding EnhancementsThe fund giant's new features are designed to streamline advisors' workflows.
September 04, 2025
Merrill, BofA Private Bank Expand Alts Access for Wealthiest ClientsMore clients are seeking nontraditional investments, a Merrill investment exec says.
September 04, 2025
BlackRock to Manage $80B in Citi Wealth Client AssetsThe banking giant called the arrangement the largest asset management deal of its kind.
September 04, 2025
Stifel Adds Ex-Merrill Exec and $1B of His Investment Firm's AssetsLaunny Steffens will lead asset management; Stifel will acquire AUM from his firm, Spring Mountain Capital.
September 04, 2025
Goldman to Buy $1B of T. Rowe StockThe bank will team up with the asset manager to sell private-market products to retail investors.