BlackRock dropped for MFS; AQR plans first ETF; Wellington wins again
Your daily round-up of the latest fund launches, manager moves and strategy shifts.
LPL buys NPH in deal worth possible $448m
LPL has purchased the four broker-dealer segments that make up National Planning Holdings after weeks of speculation.
$10bn broker-dealer unveils UMA program
Securian Financial Services has picked MPA to provide overlay management of portfolios that will be made up of mutual funds, ETFs and SMAs.
Hartford overhauls flagging fund; Ivy promotes PM
Your daily update on managers moves and strategy shifts
Who's in and who's out in Morgan Stanley’s latest SMA changes
Morgan Stanley Wealth Management has removed seven strategies from its Select UMA platform, while adding 14.
Boutique of the week: Saratoga Research & Investment Management
We showcase a lesser-known manager from a smaller shop running a unique or impressive strategy
Nationwide liquidates Goldman-run fund; Pioneer ends EM offering
Nationwide will liquidate a fund subadvised by Goldman Sachs Asset Management this month and Pioneer will shut down a flagging EM strategy.
Asset manager under SEC investigation over asset allocation model
The regulator is investigating Aegon in relation to an asset allocation model used by a number of Transamerica funds until June 2015.
Western Asset takes stake in alts shop
Legg Mason's Western Asset has taken a stake in an alternative specialist that invests primarily in senior secured loans of middle market companies.
Vanguard calls for DOL to rethink definition of advice
Asset manager's chief executive says current definition could restrict access to advice.