Asset management

Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.

Credit union clients of CMS will be able to make securities transactions without commissions.

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

The head of Charles Schwab Investment Management is disrupting the asset-management industry by introducing more straightforward ETFs, mutual funds and other investment products.

Working closely with her boss, Marie Chandoha, Seidlitz is on a mission to recruit and retain more female asset managers.

European banks are testing rings, watches and bracelets that are linked to credit and debit accounts; European regulators appear keener on increasing competition than U.S. counterparts.

Harford traveled more than 70,000 miles in her first six months at UBS in an effort to meet every one of her group’s 500 employees, from secretaries to managing directors.

UBS has turned to Paula Polito to draw up the blueprint for connecting with clients around the world.

Gunjan Kedia left a big job at State Street for an opportunity to have more direct impact on the lives of individual investors.

Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report.

The big custody bank's fees surged on new business gained from its deal for UBS business units in Europe.

Envestnet sees asset management as poised for major changes as broker-dealers move to fee-based business.

From AI to ROI — Using artificial intelligence to grow client relationships

The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive and enhanced actively managed funds.

Venu Krishnamurthy is joining the asset management giant at a time when it is reorganizing itself and tinkering with product offerings to ward off fintechs and other challengers.

The bank, in conjunction with iCapital Network, is slashing requirements to participate in certain alternative investments that it once offered mainly to institutions or the ultrarich.

The technology platform powerhouse is betting on integration, but competitors eye disruption.

The $65 million-asset credit union earned the 2018 Growth and Progress Award from the Credit Union Association of the Dakotas for exceeding the state's average across a variety of growth metrics.

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

While some key indicators dropped in the year ending Dec. 31, 2017, credit unions in many states continue to thrive, with several new states jumping to the head of the pack for various growth measurements.