Affiliated Managers Group of Boston, an asset management holding company, announced that it has entered into a definitive agreement to purchase The Managers Funds, the advisor to a $1.8 billion no-load fund family of ten funds. The Managers Funds will continue to operate from its offices in Norwalk, Conn. The acquisition is expected to close in the spring.
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A therapist in New York still has $50,000 in student loans. Can President Biden's new policy bring her relief?
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The wealth program at Kinecta Federal Credit Union is changing brokerage, RIA and custodian as the industry fights for recruits of all sizes in the channel.
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A new MIT study says AI could potentially adapt to an advisor's predictive and empathetic behaviors. But industry leaders argue AI is actually generating more job growth for advisors, not replacing them.
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Some planners and firms are taking action to address impending retirements. Here's why opening more pathways into the field matters to every company in wealth management.
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The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
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