Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
LPL to Add $50B in Prudential Wealth Assets
By Janet LevauxAssets held at Fidelity's National Financial, other third parties and Prudential should move to LPL by late 2024.
August 22, 2023
Schwab to Sell $2.35B Bond Amid Job, Office CutsIts shares fell as much as 5.2% on Tuesday, putting it on track for its eleventh straight day of losses.
August 21, 2023
Schwab to Lay Off Staff, Close Offices to Save $500M a YearThe news comes less than two weeks before its final integration efforts with TD Ameritrade are set to take place.
August 21, 2023
6 Schwab Integration Worries of TD Ameritrade Advisors: Advisors' AdviceAdvisors air their remaining fears as the final move to the Schwab platform approaches.
August 21, 2023
$7.4T ETF Industry Is Littered With One-Hit WondersThe ARK Innovation ETF (ticker ARKK) has 52% of the firm's asset base; it's shrunk from $28 billion to $7 billion over the past two years.
August 21, 2023
10 Success Secrets of Top AdvisorsA new LPL study says the top 10% of advisors use these business-building strategies to be successful.
August 21, 2023
SEC Brings First Marketing Rule Action; Firm to Pay $1MTitan Global Capital Management's violations included the misleading use of hypothetical performance metrics in ads, the SEC said.
August 21, 2023
Goldman Mulls Sale of Former United Capital BusinessIt bought the RIA, led by Joe Duran until early 2023, for $750 million, about four years ago.