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Private Ocean's sale to Wealthspire represents a broader industry trend of larger RIAs giving up ownership and control.

One of the largest U.S. hotel owners is experimenting this year with a new business strategy: Charge guests for most services and amenities, just like in the airline industry.

/PRNewswire/ - John Hancock Investment Management, a company of Manulife Investment Management, announced today it has filed an application for an exemptive...

Capital Group Announces Licensing Agreement With Fidelity Investments News provided by Share this article Share this article LOS ANGELES, April 30, 2021 /PRNewswire/ -- Capital Group, home of American Funds and one of the world's largest investment management firms, has filed an application for exemptive relief with the Securities and Exchange Commission based on Fidelity's active equity ETF methodology. Earlier this year, Capital Group announced it will offer the firm's first actively managed exchange-traded funds (ETFs). Capital Group plans to launch both equity and fixed income ETF strate...

Asset managers are rushing to launch a new breed of stock-picking exchange-traded fund, only to find that some of the biggest brokerages in the U.S. aren't yet willing to pitch them to clients. Fidelity Investments, T. Rowe Price Group Inc. and Invesco Ltd. are among the firms that have recently introduced semitransparent active ETFs, which combine features of mutual funds and traditional ETFs. The funds, which currently focus on U.S. stocks, are cheaper alternatives to mutual funds and give portfolio managers the chance to try to beat the market without running the risk of being copied or fr...