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Mergers & Acquisitions

Schwab to Buy Boston Investment Manager

August 30, 2010 - Schwab buying ETF specialist Windward Investment Management for $150 million in stock and cash.

Are Deals on the Horizon for Asset Managers?

August 25, 2010 - Despite the fact mergers and acquisitions have gone dormant this year, deals are expected to surge in the next six months.

Is BofA Bailing on its Asset Management Business?

August 16, 2010 - Bank of America is rumored to be considering selling its 34% stake in BlackRock, according to The Wall Street Journal. Now the question is whether the bank is looking to get out of asset management altogether.

Nuveen To Buy FAF Advisors

July 30, 2010 - Combined, the companies will have $200 billion AUM.

Knight to Acquire Astor Asset Management for $20 Million

July 26, 2010 - Knight Capital Group said it agreed to acquire Astor Asset Management, LLC, a money management firm specializing in macro-economic strategy and construction of portfolios of exchange-traded funds. Knight said it would pay roughly $20 million in cash and stock, based on Astor’s assets under management at the close. “Astor Asset Management has undergone rapid growth by providing active management and diversification across sectors and asset classes at a relatively low expense ratio using ETFs,” said Thomas…

LPL To Buy National Retirement Partners

July 16, 2010 - LPL Financial is acquiring “certain assets” from National Retirement Partners.

Hewitt Merging With Aon in $4.9 Billion Deal

July 12, 2010 - With risk and individual talent emerging as two of the biggest drivers of the economic recovery, Aon is acquiring Hewitt with the aim of making Aon Hewitt the world's No. 1 provider of “human capital solutions.”

S&P, FRC in Content-Licensing Deal

June 18, 2010 - Smart Move, Industry Insiders Say. Acquisition Pending, Predict Others.

Fiserv Acquires AdviceAmerica

June 7, 2010 - Acquisition is expected to enhance Fiserv’s footprint in the managed account business and with wealth managers, registered investment advisors and insurance companies.

Greenberg Sets the Record Straight

June 1, 2010 - From his perch at JPMorgan, the controversial Bear Stearns' vet takes issue with how he was portrayed in published accounts of his firm’s fall, and defends his legacy.

UMB Acquires J.P.Morgan Managed Accounts Unit

May 17, 2010 - Deal will create a 'one-stop shop' for retail managed accounts.

Morningstar Acquires MBS Rater Realpoint

May 4, 2010 - Chicago investment research firm pays $42 million for structured finance NRSRO.

Ameriprise Finalizes Columbia Acquisition

May 3, 2010 - Deal catapults firm from 31st to eighth-largest long-term asset management firm.

Rebound Predicted for Asset Management M&A

April 30, 2010 - PwC said it expects M&A activity in the U.S. financial services industry to increase in 2010 because of improved fundamentals in the sector and clarity around regulatory reform.

With Profits Up, BNY Mellon, State Street Eye Deals

April 21, 2010 - The nation’s two largest custody banks expect higher interest rates to boost demand.