CEO Thomas Gottstein said having asset management as a sub-division of the much larger business catering to wealth and high net-worth individuals is “something that I always had some doubts about.”
According to a new study, financial advisers and fund managers are looking for a new ETF to have least $100 million in assets before investing in it.
The mergers, acquisitions and advisor moves announced the week of March 8, 2021.
Jeffrey Kaufman and John Tassone leave two months after SVB Financial agreed to buy Boston Private for $900 million.
Canvas now includes 20 ESG models and 50 SRI themes based on OSAM research, as well as 'impact scores' of the investment screens.
The vast majority of new capital is going to non-traded REITs operated by the Blackstone Group.
The pandemic helped push about $146 billion of commercial real estate into distress or serious risk of bankruptcy last year, according to Real Capital Analytics.
Since the start of the year, 57% of large-cap mutual funds have beaten their benchmarks, marking the industry’s best start to a year in almost a decade.
GTCR LLC and Reverence Capital Partners agreed to buy Wells Fargo Asset Management for $2.1 billion.
A number of big name firms are moving money into loans and notes that offer floating interest rates.