Asset management

Most foreign financial institutions have identified wealth management as a prime focus with investable assets estimated to double over the next few years.

Financial advisors, asset managers and researchers are racing to fill in the information gaps Americans reported in a new J.D. Power survey.

The acquisition will add $124 billion of European AUM and give Ameriprise access to the Canadian bank’s ESG strategies. It will also initiate a distribution relationship with the Bank of Montreal’s North American wealth management business.

Unlike competing financial services firms, the asset manager has agreed to undergo a racial audit.

More than half of the broker-dealer’s clients say they’re interested in increasing the share of socially-responsible investments in their current portfolio.

The principal for operations and strategy of an independent research firm explains the range of available products and ESG data.

Over the past year, the 20 mutual funds in this ranking have an average gain of more than 100%. Their fees are also more than twice the broader industry.

Impact investment manager Rachel Robasciotti and other advocates say the private proceedings are harmful to victims and helpful to firms protecting serial harassers.

The deal will push Paris-based iM Global’s assets above $24 billion and enable it to break into wealth management.