Industry

Jacques Chappuis will take over Prudential Financial's asset management business at a time when asset management has become a key differentiator for US life insurers. 

According to the commission, Invesco overstated how much of its AUM was ESG-integrated because that percentage included all ETFs.

In other news, AdviceTech.Live is next week, DriveWealth expands to Europe, Pontera integrates with Envestnet BillFin and UBS tokenizes.

Mike Durbin, CEO of Cetera Holdings, will assume Antoniades’ role, the company confirmed.

When completed, the integration will allow Axos client firms access to Envestnet’s menu of managed account offerings.

Burney, Rayliant and Clough Capital Partners formed a joint venture to create Powered by ETFs, which incorporates U.S. and international equities and alternative investments.

The decision underscores a previous ruling partially favoring former Morgan Stanley advisors who fought with the wirehouse in arbitrations.

Advisors Scott Bailey, Scott Cislo and Murray Kinlaw have joined Fifth Third Wealth Advisors, the RIA launched by Fifth Third Bank in 2022.

The acquisition of M&R Capital Management represents its sixth New Jersey location and 15th deal of 2024.

The RIA has taken a stake in Aris Investing, a tech-enabled SMA platform, which is powering the new program.