The deal gives BlackRock, which manages $11.5 trillion, almost $600 billion of alternative assets.

Beyond screening for suitable stocks and ETFs, the platform also helps a growing community of religious-minded investors "purify" interest-generated investment returns by calculating charitable offsets.

An agreement could be announced as early as this week and value HPS at $12 billion or more.

The alternative asset management behemoth announced three senior leadership additions, including a new global COO on its private wealth team.

A former skeptic explains the benefits and risks.

The profit outlook for the group is converging with the rest of the S&P 500, but their valuations are not.

The Granny Shots US Large Cap ETF (GRNY) launched earlier this month and has already raked in more than $400 million, putting it in the top 10% of fund debuts this year.

Morningstar published its 2025 investment outlook for financial advisors. Morgan Stanley has looked to add employees of startup companies as wealth management clients in anticipation of future IPOs, reports Inc. These are among the investment must...