Putnam Names New Co-CIO of Global Asset Allocation
By Michael S. FischerBrett Goldstein and his co-chief investment officer, Robert Schoen, will be responsible for strategy and positioning of GAA products.
June 28, 2021
Investment Advisor Industry Grows for 9th Consecutive YearTotal SEC-registered advisors, clients served, assets managed and people they employed reached record highs in 2020.
June 28, 2021
CI Financial Gobbles Up $2.6B RIA in PennsylvaniaWith this deal and another other recent transaction, the firm says its U.S. assets should soon hit $68 billion.
June 28, 2021
New Law to Boost Life Policy Savings Power: Carrier ExecutivesNAILBA meeting speakers said a tax code change enacted in January will help clients accumulate more cash value.
June 28, 2021
Principal to Drop Fixed Annuities and Retail Life, Keep Variable AnnuitiesThe life insurer has responded to an activist investor by agreeing to dispose of big blocks of business to free up cash.
June 28, 2021
Macquarie Launches Private Market Fund for Accredited Investors: Portfolio ProductsAlso, BlackRock is liquidating seven iShares ETFs and splitting the shares of two others 6:1.
June 28, 2021
Ark Fans Breathe Sighs of Relief as Cathie Wood Mounts ComebackInflows are picking up, as her flagship fund has gained 26% since its May low. Can she keep it going?
June 25, 2021
Most Americans in Financial Recovery Mode: SurveyBut most of them expect their finances to recover fully from the pandemic, Northwestern Mutual found.