Asset management

The leak included information on about 12,000 advisors who are clients at LPL Financial.

A group representing some of the world’s largest money managers wants the SEC to let brokers accept payments from domestic clients just for research.

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

Money managers would be better off selling holdings at random, a study suggests.

Mark Wiedman’s takeover as head of international and corporate strategy could be a sign of larger changes ahead, a memo suggests.

BlackRock will see the largest reduction to its workforce since 2016.

Data reported by the Investment Company Institute.

“Recent small reductions in headcount reflect the need to balance our workforce growth with the current needs of our business," the company says.

This analysis may help calm jittery clients when their portfolios take a sharp downturn.

Firms face a complex world of increasing data volumes, regulations, reporting demands and multi-asset class complexity.

The more efficient firms can be in their marketing and sales activities, the more effective they will be.

Millennials are using TDFs more than others. Digital firms are paying attention.

The firm anticipates the change will save its 1.5 million Admiral Shares clients roughly $71 million.

The development of new products, technology and the increasing prominence of ESG are top-of-mind among industry executives.

Climate change could cause economic damage that threatens their holdings.

Executives are focused on fresh products, emerging technology and the increasing prominence of ESG.

The partnership gives the world's largest asset manager access to a “growing but fragmented” set of RIAs, says an executive.

Data reported by the Investment Company Institute.

Industry headwinds from costs and fees remain as relentless as ever.

Distributors may be demanding more support in the areas of investor education, risk management and governance.