February 26, 2015 – Asset management firms need to pay heed to the innovations happening in "fintech" right now, as peers and upstart digital firms provide clients with new ways to invest and manage money, and potentially new business models for the financial industry.
The Pimco Total Return Fund suffered an estimated $27.5 billion of withdrawals in its first full month after the Sept. 26 departure of Bill Gross, its worst month ever for redemptions.
BlackRock, the worlds largest provider of ETFs, said the products acted as shock absorbers after Bill Grosss unexpected exit last month from Pimco.
Pimco seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial.
As clients have become better informed and sophisticated, so too has the asset management industry, with more demanding gatekeepers, a flood of products, competition and tougher regulation forcing firms to demonstrate value and innovate, industry heads say.Current Issue
Financial services professionals employed by mutual fund and ETF companies must be aware of the opportunities and potential pitfalls of the Internet. Now that anyone can be a critic or a fan online, all employees should be expected to help the company guard its brand and cautioned to protect their personal reputations on the Internet as well.
New research shows that asset managers are increasing their sales forces and wholesaler compensation to keep pace with increased advisor demand.
The most recent update to the ICI's framework for Financial Intermediary Controls and Compliance Assessment Engagements (FICCA) contains several noteworthy improvements.
Transparency, regulation, a changing clientele and products and new security threats - as industry heads gather in Boston this week for the annual FundForum USA conference, attendees say they are looking to their peers to compare practices and seek advice and solutions to challenges facing asset managers.
Janus Capital is making waves in 2014 as it tries to climb toward the top of the asset management industry mountain.