Money Management Executive Latest News

SS&C Technologies Holdings has completed its acquisition of BDO Simpson Xavier Fund Administration Services Limited, in Dublin, Ireland.

Fidelity Investments’ RIA custodian business has announced a new tool, Technology Investment Evaluator, to help advisers run their businesses more efficiently.

As managing director for global product management for U.S. financial institutions at BNY Mellon, Jim Cecere is in a unique position to see developing trends in the asset management industry. Particularly in light of recent market volatility and dramatically changed investor risk appetite in the wake of the recession, Money Management Executive Editor Lee Barney spoke with Cecere about new product trends.

Genworth Financial Wealth Management appointed former Citibank and Charles Schwab executive Myra Rothfeld as its chief marketing officer.

Fair value is of particular importance amid the heightened market volatility, according to a new report from Interactive Data Corp. This is particularly true of international equities, the firm said, basing its findings on a survey of fund companies.

Neuberger Berman has introduced the Neuberger Berman Global Equity Fund and the Neuberger Berman Global Thematic Opportunities Fund, complements, the firm says, to the Neuberger Berman Global Allocation Fund introduced in June.

Recent market calamities will continue to put a damper on asset growth and margins, as investors are likely to continue to embrace more conservative, lower-fee investment choices, Kasina predicts.

At a time when jobs are hard to find and raises are paltry, employers are looking to their 401(k) plans to better serve their workers.

Broadridge has acquired Paladyne Systems, a provider of front-, middle- and back-office trading platforms for multiple asset classes, for $76.5 million. Paladyne also provides portfolio management tools, pricing and valuation applications, data warehousing and data aggregation and reporting.

Investors have flocked to exchange-traded funds and exchange-traded notes through the first eight months of the year.