Asset management

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.

The Kansas City, Mo., company sold Marquette Asset Management, a business it gained as part of its purchase of Marquette Financial Cos., to the firm's principals.

The purchase will significantly increase Hancock's assets under management and administration.

The Trump administration's first interagency assessment of systemic risk highlighted many of the same worries as previous reports, but added a new emphasis on economic growth and regulatory tailoring.

Rather than forming a consortium of peers to investigate blockchain technology, as many banks have done, one of the world's largest asset managers is acting on its own.

The term "shadow banking" is a pejorative, implying insufficient regulatory oversight, said Treasury in a report issued Thursday on asset management.

The ongoing bull market produced more fee income, interest income and new business at the Boston custody bank, which reported a 9% gain in revenue.

The CEO of J.P. Morgan Asset Management and American Banker’s Most Powerful Woman in Finance shares advice about dealing with tricky clients and colleagues.

Charles Schwab was founded to open up Wall Street to the masses, and Marie Chandoha has embraced that mission.

Even now, as CEO of global retirement and investment solutions at Aon, leading a team that serves clients with more than $4.2 trillion in assets overall, Cary Grace is incredulous at some of the things she encounters as a woman in the world of financial services.

Mary Callahan Erdoes keeps finding new frontiers to explore.