Trian Fund Management has invested approximately $900 million in Invesco and Janus Henderson Group, raising its stake to 9.9% in each company, according to a report by the Wall Street Journal, which said that Trian has set aside funds to invest in a consolidating asset management industry.
Trian, led by activist investor Nelson Peltz, made a $70 million profit recently when Franklin Resources acquired Legg Mason, according to Bloomberg. Trian had invested in Legg Mason early in 2020.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
