Along with General Catalyst's Percepta, the $480 billion asset manager is deploying Claude across purpose-built platforms for investment research and client engagement.
Franklin Resources' fixed-income unit settles SEC charges and closes firm-level DOJ and regulatory probes, but Kenneth Leech's criminal case continues.
S&P Global reaffirms its profitability rules, leaving SpaceX's lofty $135-a-share IPO without the benchmark's passive fund boost.
The agreement marks the end of a four-decade sub-advisory partnership while giving Wellington a scaled distribution platform for financial advisors.
SpaceX, OpenAI and Anthropic listings could trigger billions in passive fund rebalancing as index rules accelerate benchmark entry.
Mutual fund investors are scrutinizing costs and returns more closely than ever, according to new research.
The giant asset manager's latest foray into blended portfolios extends its efforts to support financial advisors' growth at scale.
Advisor ETF preference has climbed to 60% from 53% in 2022, while mutual fund selection has halved – and RIA portfolio data show the shift is only deepening.
The deal will give Citi Wealth clients access to a single account structure combining ETFs, mutual funds, separately managed accounts and alternatives — with BlackRock integration built in.
The giant asset manager's adjusted earnings of $12.53 per share topped estimates, but a market-driven slide from its year-end AUM record complicated an otherwise strong quarter.
“The client isn’t sacrificing any yield, any liquidity, this all comes out of our pocket, not theirs,” said Stephanie Pierce, deputy head of BNY Investments.
Transatlantic alliance with UK’s L&G includes distribution and investments to boost global wealth solutions offering.
Mutual fund and ETF costs stayed subdued in 2025 as flows favored low-fee products.
Japan’s Sumitomo Mitsui Financial Group is reportedly exploring a potential purchase of the investment bank.
Fidelity and Franklin Templeton were big winners at the awards, which celebrate the industry’s top funds and fund management firms.
“It's going to be an amazing event,” Brandon Adkins, head of Lipper North America Research at the London Stock Exchange Group, told InvestmentNews.
The Investment Company Institute, SIFMA and other industry groups argue the bipartisan GROWTH Act would end "harmful double-effect" of surprise tax bills.
Big Tech’s rebound, Fed rate-cut hopes and a late-year broadening of the rally weren’t enough to lift the average active manager above index returns.
Study says fund proxy campaigns are increasingly costly, inefficient and ripe for SEC reform.
The firm is pairing new Envestnet-distributed portfolios with a CE-accredited curriculum as RIAs seek more scalable ways to diversify client portfolios.
