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 Retirement Unit Wants to Expand Deferred Comp Services
By John ManganaroThe new capabilities will be launched in partnership with Newport, which has decades of experience in the deferred comp arena.
July 20, 2023
Portfolio Manager Barry Gilbert Leaves LPL for Carson GroupAfter 10 years at the firm, the asset allocation strategist follows three other LPL veterans.
July 20, 2023
Merger Rules Get Tougher in Crackdown by Antitrust EnforcersThe changes come on the heels of several bruising defeats for the government in blocking vertical mergers.
July 19, 2023
Constellation Launches AuguStar Annuity BusinessThe company has Canadian pension fund backing and Ohio National's old operations.
July 19, 2023
Nassau Financial Forms $8.4B Specialty Credit ArmThe business will invest in the "performing and opportunistic" loan and bond markets.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 19, 2023
Fidelity Starts an Annuity Reinsurer in BermudaFidelity says the new unit, Soteria Re, will start by reinsuring the company's own business.
July 19, 2023
Meet the 2023 LUMINARIES JudgesThese 17 industry experts recently reviewed the Class of 2023 Finalists in four award categories.