The asset manager completed its acquisition of Guggenheim Investments’ $39 billion ETFs, it announced Monday, and already it’s slashing fees on some of those funds as it looks to lure new assets.
Some clients of the bank’s wealth-management division were steered into investments that maximized revenue for the bank and compensation for its employees.
Michael A. Lorig suffered from depression and mental illness; the bank pressured him to retire rather than granting a long-term disability so he could be treated, according to the lawsuit.
Mark Heising runs Medley Partners for foundations and charities controlled by the Simons family as well as family members.
Some socially responsible investors have begun lumping Facebook in with so-called sin stocks, such as tobacco or weapons shares, they routinely filter out of their portfolios.
The new offering includes investments that are targeted at having a positive social and economic impact through advancing women.
"You must beat passive or you don’t survive."
Personal information housed in the Central Registration Depository has been mishandled, according to a whistleblower.
“Our focus is on organic growth. Of course we look at small acquisitions here and there to complement our portfolio,” Chief Executive Officer Sergio Ermotti said.
Bonuses came to $184,220 in 2017.