Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Why Cetera's $1B Avantax Deal Is a 'Powerful' Move
By Janet LevauxThe deal brings Cetera a new custodial relationship and platform, according to CEO Adam Antoniades and others.
September 05, 2023
SEC Charges 5 Advisory Firms With Custody Rule ViolationsThe firms will pay a total of $500,000 for failures tied to the safekeeping of client assets and timely disclosure updates.
September 05, 2023
Ex-Wells Fargo Exec Deserves Prison Over Fake Accounts, U.S. SaysThe former executive tried to conceal "one of the biggest banking scandals in modern history," prosecutors said.
September 01, 2023
Wells Fargo Persists in 'Lawless Ways,' Suit ClaimsSeparately, a judge dismissed another suit related to fake interviews allegedly conducted to meet diversity quotas.
August 31, 2023
Inflation Predictions Are Boosting Interest in This Asset ClassAt 3%, inflation tops the Fed's target and has been "a pretty big shock for many portfolios," said one investment expert.
August 31, 2023
Best & Worst Broker-Dealers: Q2 Earnings, 2023During the second quarter, the operations of First Republic Bank became part of JPMorgan.
August 31, 2023
Genworth Sued Over Personal Data Exposed in MOVEit HackThe breach may have exposed personal information, including Social Security numbers, of about 2.5 million Genworth clients.
August 31, 2023
Schwab, Creative Planning Sued Over $9.5M LossA "reckless and negligent stock options investment strategy" led to the loss of the client's Boeing stock, the suit claims.