Displaying 96 results
Wells Fargo Asset Management rebrands with new CEO
Legg Mason vet Joe Sullivan is bullish on the future of Allspring Global Investments. The $604 billion asset management arm of Wells Fargo & Co. is being acquired for $2.1 billion by GTCR and Reverence Capital Partners.
Fund sponsor M&A makes retirement CIO jobs more complicated
Mergers of fund management companies add to due diligence chores for retirement industry chief investment officers
Legg Mason affiliate launches semitransparent ETF
ClearBridge becomes the second asset manager to employ the unique new wrapper
Franklin-Legg Mason combo could produce nontransparent ETF powerhouse
Will a majority stake in Precidian Investments put the merged firms on the ETF map?
Franklin exits fund purgatory with Legg Mason deal
The acquisition will double Franklin's assets, which hadn't grown in the last 18 months
Franklin Resources agrees to buy Legg Mason
The deal will create an active management giant with $1.5 trillion in assets
Legg Mason triples down on nontransparent ETF bet
With the final product still awaiting regulatory approval, Legg shows unyielding support for the new ETF wrapper by increasing its stake in Precidian
Legg Mason cuts 12% of staff in revamp as investor Peltz joins board
Most of the 120 employees being let go are in the United States.
Wells Fargo team managing $600 million moves to Raymond James
Three-adviser group in Richmond, Va., joins firm's employee unit.
Who benefits the most from non-transparent ETFs?
Look past the opaqueness of the portfolio and think of them as better than mutual funds.
Legg Mason to close a quarter of its ETFs
The firm is shutting three funds next month following a review of its product lineup.
Near-retirees get a Halloween scare
Market volatility could threaten retirement security.
Stocks are doing OK. Asset managers’ stocks? Not so much
An index of asset managers and custody banks is down almost 11% this year, and some fund companies are off more than 25%.
Legg Mason hopes to reverse TDF fortunes with MassMutual deal
The firm tried launching two different target-date series within the past decade, both of which closed after failing to gain much traction.
Thinking outside the style box
Defensive equity income strategies can help investors weather the challenges of sometimes severe market swings.
You owe clients a better grasp on funds and SMAs
Advisers should understand each product's unique advantages and drawbacks.
Few financial advisers pitch ESG funds to clients. Missed opportunity?
Yet women and millennials want to buy funds with strong environmental, social responsibility and corporate governance components.
The case for more U.S. infrastructure investment by the private sector
Many new U.S. infrastructure funds are designed to offer investors the possibility of higher income in exchange for taking some additional risk.
DOL fiduciary rule expected to put new pressure on mutual fund expenses
Some fund share classes could be on the way out, according to a new report from S&P Global Market Intelligence.
Old school fund companies Goldman, JPMorgan wade deeper into ETF market
Embracing the reality of where the money is headed.
