News Topic: Asset management

Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp. ... Read full article

Highland Associates has $26 billion in assets under management on behalf of not-for-profit medical endowments and foundations. Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in ... Read full article

The Pittsburgh bank says it is selling the assets to Federated Investors to focus its PNC Capital Advisors unit on providing outsourced services. ... Read full article

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. ... Read full article

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

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

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

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. ... Read full article

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

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

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

From AI to ROI — Using artificial intelligence to grow client relationships ... Read full article

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 investment vehicles. ... Read full article

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. ... Read full article

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. ... Read full article

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

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

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. ... Read full article