PowerShares tops $10 billion

PowerShares Capital Management LLC said its assets recently have surpassed the $10 billion mark, up from $8.5 million at the close of 2006.
APR 23, 2007
PowerShares Capital Management LLC said its assets recently have surpassed the $10 billion mark, up from $8.5 million at the close of 2006. Furthermore, Wheaton, Ill.-based company said its Deutsche Bank portfolios along with the PowerShares QQQ and BLDRS bring total franchise assets to approximately $29 billion. Powershares has partnered with Deutsche Bank on 11 commodity and currency focused ETFs. The Powershares DB partnership now manages more than $1.5 billion in assets under management, the company said. PowerShares became the sponsor of the PowerShares QQQ in March, formerly known as the NASDAQ-100 Index Tracking Stock, and the 4 BLDRS Index Funds Trust with combined assets of $17.25 billion. Powershares is a subsidiary of London-based AMVESCAP PLC.

Latest News

Accelerated Wealth Partners strikes staking deal for $5B Pallas Capital
Accelerated Wealth Partners strikes staking deal for $5B Pallas Capital

The J.C. Flowers-backed investor’s latest RIA deal adds five next-gen leaders to the Massachusetts firm’s ownership ranks

Wells Fargo bumps up pay hurdle for advisors
Wells Fargo bumps up pay hurdle for advisors

Meanwhile, UBS and Raymond James talk recruiting.

SEC charges advisor over retirees' leveraged ETF losses at United Planners
SEC charges advisor over retirees' leveraged ETF losses at United Planners

Elderly clients lost about 70% after a South Carolina advisor held inverse ETFs for 798 days on average, the regulator says

eMoney platform preps AI assistant for CoPlanner tool
eMoney platform preps AI assistant for CoPlanner tool

The new chat feature is expected to launch in 2027.

Small 401(k) balances erode after job changes, new research shows
Small 401(k) balances erode after job changes, new research shows

Vanguard finds auto portability curbs cash-outs, while PensionBee data show most automatic rollover IRAs lose value within a year

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor