Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Schwab Buys Orlando Office Park
By Dinah Wisenberg BrinThe company paid $122 million, a local publication reported.
November 27, 2024
Fidelity to Switch Advisor Custody Accounts to FCASH as Only Core Sweep OptionNext year, custody, non-retirement brokerage accounts will convert and default to Fidelity's FCASH sweep holding option.
November 20, 2024
Fidelity Resolves Reg BI Suit With Fired AdvisorMichael Maeker had accused Fidelity of pressuring advisors to recommend unsuitable, higher-fee investment products.
November 12, 2024
Principal Names Deanna Strable CEODan Houston will continue to be the chairman of the company, which has $1.7 trillion under administration.
November 08, 2024
S&P 500 Tops 6,000 MilestoneThe benchmark is on track for its 50th record this year and has extended its weekly gain to 4.8%.
November 08, 2024
BlackRock's Bitcoin ETF Tops $34B MilestoneIts surge in demand comes amid a broader cryptocurrency rally in the wake of Donald Trump's election.
November 08, 2024
Schwab Launching Mortgage-Backed Securities ETFThe new fund, containing U.S. government-backed investment-grade securities, starts trading this month.
November 08, 2024
Here's Who Could Lead Trump's Economic AgendaHe's likely to pick top advisors and cabinet secretaries from a pool of Wall Street and business executives.