Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Franklin Resources Cuts 3% of Workforce
By Silla BrushThe $1.6 trillion money manager is consolidating operations after clients of its Western Asset unit redeemed $120 billion.
January 29, 2025
What Vanguard's New Advice Unit Could Mean for Clients: MorningstarIt remains to be seen whether investors will take to Vanguard's stepped-up advice efforts, an analyst says.
January 22, 2025
Widows Will Inherit $51 Trillion in Great Wealth Transfer: CerulliWith so much money poised to be passed on to women, advisory firms should address gender service gaps.
January 21, 2025
Schwab Earnings Top Estimates on Record InflowsTotal client assets were $10.1 trillion, after passing $10 trillion for the first time in November.
January 21, 2025
Fidelity Customers Report Mobile App, Website Access TroubleUsers complained of difficulty accessing the firm’s website, app and active trading platform.
January 17, 2025
Goldman Gives CEO Solomon $80M to Stay Put, Hikes Pay 26%The retention awards for both him and President John Waldren entail no stock-performance metrics.
January 17, 2025
Goldman Rakes In Record Wealth RevenueTotal wealth management client assets stood at around $1.6 trillion at year-end.
January 16, 2025
BofA Boosts Earnings on Strong Loan Income“Every source of revenue increased ... ” in the quarter, said CEO Brian Moynihan.