Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wall Street's ESG Backlash Spurs Jump in ETF Closures
By Isabelle LeeIn 2023, 36 ESG-labeled ETFs were liquidated in the Americas, more than double the prior year, according to Bloomberg Intelligence data.
February 15, 2024
Burt White: 'If We Lose the Humanity, We're Toast'Carson Group is looking to the future and has big M&A plans, the exec tells ThinkAdvisor.
February 14, 2024
Morgan Stanley to Cut Several Hundred Jobs in Wealth UnitThe wealth management group has about 40,000 workers and is the firm's largest unit, says a person with knowledge of the matter.
February 13, 2024
S&P 500 Set for Worst CPI Day Since September 2022Equities dropped from all-time highs after the core consumer price index climbed the most in eight months.
February 13, 2024
Users Report Merrill Edge Site IssuesSocial media posts suggested the brokerage's app and website experienced a glitch.
February 12, 2024
An Asset Manager's Key to Boosting After-Tax WealthFrank Pape of Frontier talks about tax-friendly investment processes and why advisors should stop discussing "standard deviations."
February 12, 2024
Morgan Stanley Seeks to Offer Mutual Fund ETF Share ClassesAt least six firms seek SEC approval to offer ETFs as a share a class, as Vanguard long has.
February 12, 2024
Bitcoin ETFs 'Deemed a Success' By Key MeasuresBlackRock's iShares Bitcoin Trust has taken in $3.8 billion, while the Fidelity Wise Origin Bitcoin Fund has amassed $3.1 billion of inflows.