Last year global asset manager Affiliated Managers Group Inc. launched a new subsidiary with the aim of acquiring equity in top boutique investment management firms. Today the company said it is taking a majority stake in its first business...
If you opened up a copy of BusinessWeek just two weeks ago and bothered to glance through the ads, you’d see a picture of $2.3 million producer Peter Sargent featured in Merrill Lynch’s ‘The Power of the Right Advisor&rsquo...
Focus Financial Partners’ pockets just got a lot deeper. A consortium of banks approved a credit facility of up to $320 million for the New York City-based registered investment advisor aggregator, almost double the size of its previous...
Focus Financial Partners, a New York wealth-management roll-up, continued its spectacular growth by adding two more firms to its collection.
Merrill Lynch will break out fees for asset management services, mutual funds, alt investments and commodities when it mails January account statements later this week.
Investors moved money out of Switzerland before the government shares their data with tax authorities.
The move reflects an effort to bolster brokerage revenue as investors flee actively managed funds for passive products like index funds.
Matrix Wealth Partners, in registering as an investment adviser last month, disclosed that it’s partly owned by former Lehman Brothers head Richard Fuld.
Wealth-management revenue climbed 3 percent to a record $3.99 billion, as profit jumped 16 percent to $891 million.
