Osaic has said PFG's claims are 'without merit' and that the Phoenix RIA sought to divert revenue streams from Osaic.

Veteran portfolio manager Torrey Zaches has retired from BNY after 28 years at the firm and 32 in the industry, Citywire can confirm. Zaches was a member of BNY subsidiary Newton Investment Management ...

The final rule does not include language, published with the initial proposal, that would have required firms to have an express ‘reasonable basis’ for performance calculations.

It will be news to one that the S&P 500 has gone gangbusters in recent years. The main US stock index, including dividends, is up 15.1% annualized for the six-year period from 2020 through 2025, a ...

News of the shuffle comes as alternative investments become an increasingly central focus for client portfolio allocations.

Brazilian assets suffered a sharp repricing after the incumbent overturned a first-round deficit to win a fourth term, catching investors and prediction markets off guard.

The moment has arrived to unveil the individual finalists for the Best Wealth Manager New York – category at the ...

RIA goliath Captrust, which oversees roughly $1.3tn in client assets, is pursuing a sale of a minority stake in the company, according to sources with knowledge of the situation. Sources told Citywire ...

A total 47 interval and tender offer funds faced requests between 5% and 7%, while another 18 products exceeded 7%.

The capital preservation specialists reported an around £1.6bn drop in assets as well as headcount falling by another 14.