The Chase Manhattan Corp. has acquired Morgan Stanley, Dean Witter & Co.'s global custody business with the purchase of Morgan Stanley Trust Co. and Morgan Stanley Bank Luxembourg, S.A. Terms of the deal were not disclosed but the businesses will be integrated into Chase's Global Investor Services unit. The combined entities will hold more than $5 trillion in assets under trust and custody and provide services to 3,000 institutional investors.
A new academic paper finds variable prepaid forwards to be much more effective than options collars with margin loans — even though they're more complex and less accessible.
When asked to compare AI to movies, financial advisors are still optimistic about the ways it can help them. But there's a growing sentiment that bad actors could hijack things.
The U.S. House bill aimed at protecting investors 65 or older or those who have a mental or physical impairment from fraud, has bipartisan support.
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Financial therapy helps people analyze thoughts, feelings and limiting beliefs surrounding money. Therapists shared what they want advisors to know about approaching client relationships.
Although low-cost ETFs remain the most common component of model portfolios built by BlackRock and other third parties, private credit, equity and other alternatives are gaining ground.
