James A. Shepherdson, former head of
Shepherdson, who has been at Hancock since 2003, previously served as a co-CEO at
"Maureen has provided John Hancock Funds with steady guidance through several years of extremely turbulent market and industry conditions with unwavering integrity," Shepherdson said. The new fund head will report to John Hancock Senior Executive Vice President John D. DesPrez III.
As of March 31, Hancock Funds had $30.2 billion in assets under management.
The disturbing nature of the claims and puzzling sequence of events add a fraught layer to what was already going to be a challenging CEO handoff from the founder.
Sixteen advisors argue the megabank owes them more than $270 million over false promises they were made when being recruited.
Social Security is still drifting toward insolvency, according to the program's board of trustees. Here's how to reassure worried retirement savers.
Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.
An M&A deal brings a fourth office location to the ambitious firm launched in 2019 by Jason Ray and Chelsea Ransom-Cooper.
The advisory landscape is shifting as robo advisors are trending out, thanks to AI as the "next big thing" in wealth management. But that doesn't mean AI will make robo advisors obsolete.
