Franklin Templeton to Buy Lexington Partners for $1.75B
By Silla BrushThe firm wants to expand into private equity as its actively managed funds business struggles.
October 29, 2021
Neil Sprackling to Return as LL Global ChairA Pacific Life executive will be the vice chair of LIMRA's parent.
October 29, 2021
Facebook's Doppelganger ETF Rakes in Cash on Mistaken IdentityThe $142 million Roundhill Ball Metaverse ETF, which trades under the ticker META, saw an inflow of $12.5 million.
October 29, 2021
Mutual of America Names a Human Resources Chief: Personnel MovesShe moved to the company from American Express.
October 29, 2021
FTSE Russell Introduces 3 Crypto IndexesThe FTSE Digital Asset Index Series provides a mechanism for investors to evaluate digital asset investments and prices.
October 29, 2021
Biden Plan Drops Retirement Changes, Leaves Backdoor Roths IntactMeanwhile, retirement trade group IRI is shifting its efforts toward the Secure Act 2.0, which raises the RMD age.
October 29, 2021
The New Biden Spending Bill Framework, for AgentsCaregivers and Medicare enrollees could get new benefits. Insurers could get new tax bills.
October 29, 2021
Ex-Wells Fargo Rep Arrested, Charged With Stealing $2.9MThe former wirehouse broker allegedly used client money to pay off his credit cards, gamble and buy gold.