Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Raymond James to Build ETF Platform; Taps Vanguard Vet to Lead
By Dinah Wisenberg BrinMo Sparks, who also led exchange-traded products at NYSE, will oversee the effort.
July 17, 2024
Nasdaq 100 Set for Worst Day Since December 2022The S&P 500 fell over 1%, while the Nasdaq 100 dropped 2.5%. A gauge of the "Magnificent Seven" megacaps slipped 3%.
July 17, 2024
New Nominations Deadline for the 2024 Luminaries AwardsThinkAdvisor's recognition program is accepting nominations through July 24. There's no cost to participate.
July 16, 2024
Ocean Park Asset Management Debuts First 4 ETFsThe equity and fixed income funds invest in securities showing uptrends, says the firm, which is led by Skip Schweiss.
July 16, 2024
S&P 500's $18 Trillion Rally Is 'Broadening Out'Wall Street extended a pattern of money rotating into small caps and out of the megacap "safety" since last week's soft inflation data.
July 16, 2024
Schwab's Stock Sinks After It Vows to Shrink BankThe latest move comes after fewer clients opened new brokerage accounts in the second quarter than analysts were expecting.
July 16, 2024
Morgan Stanley Wealth Unit's Results Miss EstimatesThe business fell short of expectations, with $6.79 billion in revenue and net new assets of $36.4 billion in the second quarter.
July 15, 2024
How Asset Managers Seek to Grow in 2024 and BeyondA marked shift in priorities to a client-centric approach from cost control has occurred, Northern Trust found.