"As part of Legg Mason, we are able to offer investors expanded capabilities from a number of Legg Mason's investment management subsidiaries, as well as new options from well-regarded outside managers," said Steven Bleiberg, global head of asset allocation for Legg Mason's 529 plan. "Each of the new investment advisors has a long-term track record in their particular investment style, which spans the spectrum of equity asset classes, growth and value styles."
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Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
40m ago -
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
2h ago -
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
2h ago -
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
3h ago -
The accusations led to the end of 16 years at the firm.
July 15 -
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
July 15