Legg Mason has renamed its separately managed account businesses, using the ClearBridge and Western Asset Management brands. Processing Content CAM North America is now ClearBridge Advisors, and Salomon Brothers Asset Management has been renamed ClearBridge Asset Management. Both businesses were acquired from Citigroup. Also, equity separately managed account portfolios will sport the ClearBridge name, and most fixed-income separately managed account portfolios now have the name of Western Asset Management. Western, a Legg Mason subsidiary, is a fixed-income manager with offices worldwide. |
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Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."
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Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.
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Fidelity Institutional Wealth Management Services faces competitive threats in an era of ETFs and multicustodian advisory practices. But it has big advantages.
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FIS regularly hears from RIAs and banks with wealth management departments about the need to have better mobile apps and other digital doorways to their services. A new partnership with InvestCloud is designed to provide just that.
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