Most money managers reported an increase in total assets under management to end the year but analysts see reasons to be watchful.
T. Rowe Price reported $1.47 trillion in assets under management as of Dec. 31, a gain of 12.2% for the quarter and 21.9% for the year.
Foundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.
Dawn Tutje was named the head of financial institutions group in North America at BNY Mellon Investment Management.
Merit Financial Group said it entered into a strategic partnership to help drive the firm's acquisition efforts and organic growth.
Asset management deals slowed in 2020 compared to 2019, but transactions are expected to rise in year ahead.
Best Places employers loosened policies and rolled out new benefits in the wake of COVID-19 and racial inequity concerns.
Chris D. McIsaac was named head of Vanguard Group's international business as part of a series of leadership changes.
Johanna Lasker has been named the new CEO of BNP Paribas Asset Management USA, effective Jan. 1.
Wells Fargo is considering a sale of its asset management unit, which has pushed a shortlist of rival firms as potential buyers.
T. Rowe Price’s AUM rose 7.4% in the quarter ended Sept. 30 and also acquired the assets of a $1.2 billion fund from PNC Bank.
Wells Fargo is considering selling its asset management unit, which has pushed Goldman Sachs to the forefront as a potential buyer.
Raymone Jackson was named the global head of diversity and inclusion at T. Rowe Price Group.
Vanguard Group named Andrew Maack as its new head of U.S. trading, replacing Michael Buek, who is to retire at the end of the year.
Analysts fail to see how a potential merger of Invesco and Janus Henderson would alleviate secular challenges facing both firms.
Money managers are moving ahead on long-term technology investments in a bid to cut costs and improve efficiencies in the long run.
Up to 20% to 25% of Wells Fargo's workforce, including asset management employees, could be impacted in its multiyear cost-cutting plan.
As of Aug. 5, all publicly traded money managers tracked by their assets rise saw gains in the second quarter.
Five schools received $50,000 each from Vanguard, which also contributed $100,000 to an emergency fund for HBCUs.
There are investment opportunities in sectors taking the lead in pandemic-related innovation as well as parts of the real estate market.
Black executives share their personal fears and experiences of racist violence amid worldwide protests over George Floyd's killing.