M&A Money Managers, as Always, Ripe for Consolidation — Mergers & Acquisitions
Revenue growth remains under siege as assets inexorably shift toward lower-cost passive strategies, reducing management fees.
Source: themiddlemarket.com
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Small advisory firms need tech, too
Small financial advisory firms are more likely to purchase wealthtech tools than large firms, according to a study by Cerulli Associates.
Source: investmentnews.com
PGIM Becomes Latest to Get in on Direct Indexing
PGIM Investments will acquire New York-based Green Harvest Asset Management, a direct indexing firm that uses ETF portfolios to track indices.
Source: wealthmanagement.com
Direct Indexing to Grow Faster Than ETFs, SMAs and Mutual Funds
Cerulli predicts direct indexing's rise, ProShares and Invesco bitcoin futures ETFs may start trading next week, and RadiantESG selects STP for operations.
Source: wealthmanagement.com
Wall Street asset management firms are wild for "custom indexing" and "direct indexing" firms. Here's what it means for financial advisors and investors.
The big asset manager’s acquisition of O’Shaughnessy Asset Management is the latest in a string of similar deals by Wall Street.
Source: financial-planning.com