Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
SoFi Securities Hit With $1.1M FINRA Fine Over Theft in Cash Accounts
By Melanie WaddellSoFi's lack of protections resulted in customers using accounts to steal $2.5 million, FINRA says.
May 02, 2024
Vanguard Adds Fees for Some Brokerage ServicesVanguard will charge $25 to buy or sell its ETFs and mutual funds over the phone, with some exceptions.
May 01, 2024
3 Reasons Cash Is King AgainReturns on cash are competitive now, and your clients might have more of it than you think.
May 01, 2024
Schwab Charity Funnels $250M to Right-Wing CausesThe donor-advised fund gave $141 million to a group tied to activist Leonard Leo between mid-2022 and mid-2023.
April 30, 2024
How to Lock In a $14M Estate Tax Exemption Before 2026Families have a range of planning options — and trust limitations — to consider as exclusion amounts change.
April 30, 2024
S&P 500 Falls 1% at End of Worst Month This YearThe S&P 500 broke below 5,100, and is poised to halt a streak of five straight monthly gains.
April 30, 2024
IBD Channel Faces Exodus to RIAs: CerulliOf advisors thinking of going independent, only a fraction said they'd want to custody with their current BD.
April 29, 2024
Tech-Savvy Firms Add Clients, Grow Assets Faster: FidelityThey expand their client base and assets much quicker than peers: 20% versus 8% and 22% versus 11%, respectively.