Finance

Amid all available career paths, “I think [asset management] just found me," said Julie Genjac, managing director of strategic markets at Hartford Funds.

Michael Arougheti says the move his firm took last year has already boosted stock liquidity and expects it will lure more investors to alternatives.

The Invesco QQQ Trust dropped as much as 0.6% after Google’s parent company reported first-quarter sales below Wall Street estimates.

The firm joins a growing roster of asset managers taking advantage of new tax breaks for investing in low-income communities.

CEO Walt Bettinger says advisors tell him they aren’t worried about the new pricing model.

The discussions, which have since been abandoned, centered on a REIT with a market value of $2 billion, according to people familiar with the matter.

The allegation was laid out in an SEC order, which hit a U.S. unit of the firm with a $500,000 penalty.

The firm is looking at a range of “different opportunities” for potential wealth management deals, CEO Jim Cracchiolo says.

The company hopes to recruit new advisors by taking a version of its home office tour on the road.

One theory for underperformance has been the long steady gains in markets since the financial crisis.

The slowing is part of an overall industry slowdown that experts don’t think will last.

CEO Ronald O’Hanley says the poor performance reflects both the industry’s “continued challenging conditions,” as well as “lower client activity.”

C. Allen Parker was interrupted more than a dozen times as he tried to deliver opening remarks at the bank's its annual meeting.

People familiar with the matter said that Centerbridge Partners is in talks to buy the four-firm, 6,500-advisor IBD network.

The partnership aims to provide exposure to areas such as middle-market private equity, real estate and infrastructure.

The firm has experienced net outflows in each fiscal year since 2014.

The large aggregator faces questions about its future.

With the board still conducting a hiring search, the strategy for fixing past problems and returning to revenue growth remains in flux.

The change will boost the firm’s “ability to reach a dramatically larger audience,” said CEO Stephen Schwarzman.

The products have benefited from the past decade of “economic expansion and bull market for risk assets,” one expert says.