Portfolio

The fund industry's latest arrivals underline the seismic shifts underway in the business of asset management.

“I wanted to be able to walk in the door and only be able to answer to one constituency: my clients,” advisor Andy Ferguson says.

If clients “looked just three months ago, these numbers would be glaringly different,” an expert says.

Ben Meng’s downfall raises questions about who would succeed him in a job that attracts so much unwelcome attention, not to mention navigate a pandemic.

“Clients have gotten a good scare,” says Dave Welling, CEO of Mercer Advisors.

Here’s what leaders around the world say must be done.

The initiative is intended to help advisors manage increasingly large and complex teams.

The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.

Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.