Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
November 01, 2024
Stifel to Buy Part of B. Riley's Wealth UnitThe deal, which could be priced for as much as $35 million in cash, involves up to 50 advisors and $4.5 billion of client assets.
November 01, 2024
JPMorgan Pays $151M to Settle Slate of SEC ComplaintsOne issue involved a Reg BI violation for steering clients into pricey mutual fund investments despite cheaper alternatives.
October 31, 2024
BofA Says Regulators May Take Action Over Money Laundering, ZelleU.S. regulatory agencies have been digging into consumer complaints about how banks handle reported abuses of the Zelle network.
October 31, 2024
PIMCO Raises $2B for Asset-Based Private Lending StrategyThe firm has been building out its alternatives business in recent years as it expands beyond its bond roots.
October 31, 2024
LPL Discloses $18M Charge, but No Arnold Updates on Q3 CallThe firm, now led by Rich Steinmeier, expects an SEC settlement related to anti-money laundering controls.
October 30, 2024
BlackRock in Advanced Talks to Buy Private-Credit Firm HPSThe deal would leave BlackRock, which managed $11.5 trillion as of Sept. 30, with more than $500 billion in alternative assets.
October 30, 2024
Fixed Income Investors Should 'Brace for More Downside Volatility': Neuberger BermanBonds have sold off over the past month, pushing the U.S. 10-year yield above 4% for the first time since early August.
October 30, 2024
UBS Wants to Buy a U.S. Wealth Manager: ChairmanThe firm is the biggest global wealth manager but lags its peers in the U.S., where it has struggled to scale its business model.
October 30, 2024
Capital Group, KKR Partner to Debut Funds for Wealthy InvestorsTheir two funds will be sold through financial advisors and will allocate about 60% of assets to public credit and 40% to private credit.
October 30, 2024
Schwab Expands 24-Hour TradingStocks in the S&P 500, Nasdaq-100 and hundreds of ETFs will be available around the clock on weekdays.