Trian Fund Management has invested approximately $900 million in Invesco and Janus Henderson Group, raising its stake to 9.9% in each company, according to a report by the Wall Street Journal, which said that Trian has set aside funds to invest in a consolidating asset management industry.
Trian, led by activist investor Nelson Peltz, made a $70 million profit recently when Franklin Resources acquired Legg Mason, according to Bloomberg. Trian had invested in Legg Mason early in 2020.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
