Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Ameriprise and Wells Fargo Sued Over Low Interest on Client Cash
By Dinah Wisenberg BrinThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 26, 2024
LPL Profits Drop in Q2; Stock WeakensAdvisory and brokerage assets rose 21% from a year ago, the independent broker-dealer reported.
July 26, 2024
Cooling Economy Will Crack Big Tech Rally Even More: BofAA slowdown could fuel a rotation into stocks that have lagged behind the pricey tech mega-caps, says a strategist.
July 24, 2024
Stocks Get Hit as 'AI Trade' Slams Into a WallThe world's largest technology companies drove the S&P 500 toward its worst selloff since December 2022.
July 23, 2024
Trump Floated Jamie Dimon for Treasury Secretary, Then Denies ItThe former president also denied that he was considering BlackRock CEO Larry Fink for the role.
July 23, 2024
Ether ETFs Trade Over $500M in Strong Crypto Fund DebutNine exchange-traded funds from BlackRock, Bitwise, Greystone, Fidelity and other firms began trading Tuesday.
July 23, 2024
Are You the First Person Your Clients Call?Be the go-to professional in your client's life, advises Anand Sekhar of Fidelity Institutional.
July 22, 2024
Stocks Power Ahead on Tech RallyStocks rebounded after their worst week since April as investors turned their focus to the start of the technology earnings season.