SS&C’s planned $1B acquisition of Calastone will deepen the firm’s technology capabilities. “We see our role to be the disruptors,” said Nick Wright, head of the firm’s global investor and distribution solutions unit. Learn more about the deal:

State Street cut hundreds of jobs in the second quarter, touting AI-related efficiencies. Learn more:

Outflows from Vanguard’s mutual fund suite during the first half of 2025 have held the shop in second place on the industry sales leaderboard.

Custodians are luring in fund shops by offering analytics, insights and tools to help inform firms’ front-office operations. Learn more about this trend:

Established asset managers are making their way onto the ETF provider leaderboard. Find out how:

The ETF boom has prompted fund shops to increase their number of top-priority partnerships, new data shows. Learn more:

The direct-indexing platform's sellers say Vanguard schemed to cheat them out of payouts laid out in deal terms by suppressing post-close revenue.

The SEC has agreed to lift Allianz's 10-year ban seven years early, reasoning that the punishment applied only to the now-defunct Allianz GI subsidiary.

The One Big Beautiful Bill, passed last week, creates child savings accounts that operate much like the small-plan IRA business that Ascensus runs, a company lawyer said.

Vanguard's annual profit-sharing incentive climbed more than 9% last year, well below that of senior executives at its CEO's old firm.

Voya’s recent string of executive departures may signal that the firm is reorganizing and recruiting talent with greater experience with private assets.

AI has created significant efficiencies in mergers and acquisitions, analysts say. “We’re the last generation of human-only work teams” for such deals, one said.

Ten of the 25 largest asset managers use either Schwab or Fidelity as the recordkeeper of their employee 401(k) plans. Learn more:

The justices will weigh in on a circuit split that has allowed an activist investor to bring multiple lawsuits against closed-end fund sponsors and their directors.

State Street has renamed SSGA to State Street Investment Management. Learn more:

Justin Leverenz, CIO of emerging markets equity, was among the half-dozen portfolio managers Invesco ousted earlier this week.

Vanguard’s recent tech investments will serve as the groundwork for the firm to improve its AI capabilities. Read more about Vanguard’s plans:

Interval fund sales are largely driven by financial advisors, but the funds are not widely available on distribution platforms just yet.

Brokerages and wirehouses are still working out several kinks related to hosting the dual share class structure on their platforms.

Capital Group has replaced Alight with Fidelity as the recordkeeper for its employees' $7 billion 401(k) plan.