Boston-based GW&K Investment Management has appointed current co-presidents Thomas Powers and Bill Roberts the firm’s co-CEOs, replacing Harold G. Kotler who will become the firm’s chairman effective July 1.
Kotler, a founder of the firm, was the architect and chief strategist of its municipal bond investment strategy. He will continue to chair the investment committee.
“I am deeply proud of all we’ve accomplished together, including building trusted client relationships, giving back to our community and growing our business," Kotler said.
Powers and Roberts joined GW&K in the mid-1990s and were appointed co-presidents in 2006.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
