Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley to Cut Several Hundred Jobs in Wealth Unit
By Sridhar NatarajanThe wealth management group has about 40,000 workers and is the firm's largest unit, says a person with knowledge of the matter.
February 12, 2024
An Asset Manager's Key to Boosting After-Tax WealthFrank Pape of Frontier talks about tax-friendly investment processes and why advisors should stop discussing "standard deviations."
February 12, 2024
Morgan Stanley Seeks to Offer Mutual Fund ETF Share ClassesAt least six firms seek SEC approval to offer ETFs as a share a class, as Vanguard long has.
February 12, 2024
Bitcoin ETFs 'Deemed a Success' By Key MeasuresBlackRock's iShares Bitcoin Trust has taken in $3.8 billion, while the Fidelity Wise Origin Bitcoin Fund has amassed $3.1 billion of inflows.
February 12, 2024
Fidelity to Launch 2 Active ETFsFidelity also is cutting fees, changing names and tweaking management teams for three existing ETFs.
February 09, 2024
Super Bowl 2024 Highlights NFL's Aging Billionaire ProblemGrowth has created succession-planning challenges — and could force the doors open for investors driven by financial imperatives.
February 09, 2024
S&P 500 Closes Above 5,000Emboldened by bets on a soft landing and the power of AI, equities are defying doomsayers and warnings about an overstretched market.
February 08, 2024
Advice for NFL Players, From a Financial Advisor Who's Been ThereEx-NFLer Walter Stith of Morgan Stanley discusses young players' challenges and why he's rooting for the 49ers.