Money Management Executive Latest News

Fidelity Investments has launched a corporate bond fund with retail and adviser shares.

Nearly 58% of asset management firms are using hybrid wholesalers as they increase in scale and opportunity, according to a new study from the New York research firm kasina.

T. Rowe Price is gaining new market share as banks and other intermediaries move to a fees-and-advice model, and as the mutual fund company makes a concentrated push overseas to rebuild its assets under management.

Wealth management veteran, Lawrence E. Gore, joined Wilmington Trust as the newest managing director and senior private client advisor for the company’s wealth advisory services business in the Northeast. He will work out of the firm’s New York office.

In an effort to develop its wealth management arm, Toronto insurance giant Sun Life Financial Inc. announced Thursday it is established a proprietary mutual fund company in Canada.

TD Ameritrade released a survey last week looking into how Americans define financial success. More than a third of the respondents (39%) said they define it by being debt-free. Another 29% said that financial success is being able to save money and pay for long-term goals like education and retirement.

As markets continued to rise in April, assets held in exchange-traded funds increased for the third consecutive month.

Last year saw the launch of a record 12 new non-traded real-estate investment trusts, according to analysis by Blue Vault Partners, an Atlanta research firm that specializes in this sector.

In a move to grow its business to the ultra-high-net-worth set over the next few years, Citi Private Bank has appointed Daniel J. Williams and Steven A. Gold to its private banking ranks.

Recent revelations such as those involving Goldman Sachs demonstrate that when it comes to investing, many commercial banks, pension funds, endowments and other institutions are not sophisticated.