Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Citi Wealth Taps J.P. Morgan Wealth Exec for Investment Advisory Role
By Dinah Wisenberg BrinMarc Turansky most recently led advisory programs at J.P. Morgan Wealth Management.
December 30, 2024
Vanguard Signs Updated 'Passivity Agreement' to Limit Its Influence on BanksThe pact removes the immediate threat to Vanguard’s ability to buy bank stocks, Vanguard watcher Jeff DeMaso says.
December 20, 2024
Schwab Buys Orlando Office ParkThe company paid $122 million, a local publication reported.
December 18, 2024
LPL Agrees to Purge Data From Recruited Ameriprise AdvisorsThe firms agreed to a court order in legal battle over ex-Ameriprise reps' transfer of client info.
December 09, 2024
Vanguard to Launch New Advice and Wealth UnitJoanna Rotenberg, a former Fidelity executive, will lead the division.
November 27, 2024
Fidelity to Switch Advisor Custody Accounts to FCASH as Only Core Sweep OptionNext year, custody, non-retirement brokerage accounts will convert and default to Fidelity's FCASH sweep holding option.
November 20, 2024
Fidelity Resolves Reg BI Suit With Fired AdvisorMichael Maeker had accused Fidelity of pressuring advisors to recommend unsuitable, higher-fee investment products.
November 12, 2024
Principal Names Deanna Strable CEODan Houston will continue to be the chairman of the company, which has $1.7 trillion under administration.